NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is investigating claims on behalf of investors of iRhythm Technologies (NasdaqGS: IRTC). Such investors are advised to contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nasdaqgs-irtc/ to learn more.
The investigation concerns whether iRhythm and certain of its officers and/or directors have engaged in fraud, negligence or other unlawful business practices.
On December 1, 2020, the Centers for Medicare and Medicaid Services (CMS) announced its 2021 Medicare Physician Fee Schedule (MPFS) Final Rule that establishes the payment policies and rates that Medicare will use next year. However, the Rule did not finalize pricing for several items that the Company repeatedly assured investors that it had anticipated, including extended external electrocardiogram (ECG) patches, medical magnetic tape recorder supplies, and four key CPT codes related to cardiac monitoring.
On this news, the price of iRhythm’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.