LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Penumbra, Inc. (“Penumbra” or “the Company”) (NYSE: PEN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Penumbra is the subject of a short report by Quintessential Capital Management released on December 8, 2020. The report alleges that in some cases, the Company’s scientific research papers were authored by a fake person. Based on this news, shares of Penumbra dropped by almost 9% on the same day.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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