TACTILE SYSTEMS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Tactile Systems

NEW ORLEANS–(Organization WIRE)–Former Lawyer Typical of Louisiana, Charles C. Foti, Jr., Esq., a lover at the regulation company of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Programs Engineering, Inc. (NasdaqGM: TCMD).

On June 8, 2020, the Business was the concentrate on of an investigative report published by exploration agency OSS Research accusing it of overstating its overall addressable market place by approximately $4.7 billion, making use of a “daisy-chaining kick-back scheme” resulting in “rampant overprescribing and quick market share gains at the price of people, insurers and the public,” and concealing Medicare audit denials for failure to set up healthcare necessity in a significant variety of submitted promises.

Thereafter, the Firm and sure of its executives ended up sued in a securities class action lawsuit, charging them with failing to disclose materials information for the duration of the Course Period of time, violating federal securities rules. A short while ago, the court docket presiding over that case denied the Company’s motion to dismiss in portion, allowing for the case to go forward.

KSF’s investigation is concentrating on no matter whether Tactile’s officers and/or administrators breached their fiduciary obligations to the Company’s shareholders or otherwise violated state or federal regulations.

If you have information that would assist KSF in its investigation, or have been a long-expression holder of Tactile shares and would like to talk about your legal rights, you may well, without the need of obligation or charge to you, call toll-totally free at 1-877-515-1850 or electronic mail KSF Running Associate Lewis Kahn ([email protected]), or go to https://www.ksfcounsel.com/instances/nasdaqgm-tcmd/ to master more.

About Kahn Swick & Foti, LLC

KSF, whose partners involve former Louisiana Legal professional Normal Charles C. Foti, Jr., is a single of the nation’s premier boutique securities litigation legislation companies. KSF serves a assortment of shoppers – including general public institutional buyers, hedge funds, cash administrators and retail traders – in trying to find to recover expense losses owing to corporate fraud and malfeasance by publicly traded organizations. KSF has places of work in New York, California, Louisiana and New Jersey.

To understand a lot more about KSF, you could visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Running Lover

[email protected]
1-877-515-1850