Recent Security Class Actions

iRhythm Technologies Inc. Common Stock (NASDAQ: IRTC)

Company Name:iRhythm Technologies Inc. Common Stock
Stock Symbol:NASDAQ: IRTC
Class Period Start:01/11/2022
Class Period End (inclusive):05/30/2023
Filing Deadline:04/08/2024

The Complaint alleges that, throughout the Class Period, Defendants falsely represented to investors that the Zio AT monitor was a real-time monitor intended for high-risk patients. Specifically, the Complaint alleges that Defendants repeatedly touted the potential growth for the Zio AT as an innovative product that had only just begun to penetrate the market for real-time monitoring, which investors looked upon favorably given the premium selling price associated with devices approved for high-risk patients. As a result of these misrepresentations, the Complaint claims the price of iRhythm common stock traded at artificially inflated prices throughout the Class Period.