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

NEW ORLEANS–(Business WIRE)–Former Lawyer Common of Louisiana, Charles C. Foti, Jr., Esq., a partner at the regulation business of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tactile Units Technological innovation, Inc. (NasdaqGM: TCMD).

On June 8, 2020, the Company was the target of an investigative report printed by analysis company OSS Study accusing it of overstating its full addressable industry 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 expense of clients, insurers and the community,” and concealing Medicare audit denials for failure to establish health care requirement in a substantial range of submitted promises.

Thereafter, the Company and specified of its executives had been sued in a securities course action lawsuit, charging them with failing to disclose material information and facts through the Class Period of time, violating federal securities guidelines. Not too long ago, the court presiding over that scenario denied the Company’s movement to dismiss in section, allowing for the situation to move forward.

KSF’s investigation is focusing on whether or not Tactile’s officers and/or directors breached their fiduciary obligations to the Company’s shareholders or otherwise violated state or federal legal guidelines.

If you have data that would support KSF in its investigation, or have been a extended-expression holder of Tactile shares and would like to talk about your lawful rights, you might, devoid of obligation or cost to you, contact toll-absolutely free at 1-877-515-1850 or electronic mail KSF Running Associate Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/instances/nasdaqgm-tcmd/ to understand more.

About Kahn Swick & Foti, LLC

KSF, whose partners include previous Louisiana Legal professional Standard Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a range of customers – which include community institutional buyers, hedge resources, cash supervisors and retail traders – in looking for to recover expense losses owing to company fraud and malfeasance by publicly traded companies. KSF has workplaces in New York, California, Louisiana and New Jersey.

To learn much more about KSF, you may perhaps check out www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Controlling Spouse

[email protected]
1-877-515-1850