U.S. markets open in 42 minutes
  • S&P Futures

    3,783.25
    -44.00 (-1.15%)
     
  • Dow Futures

    30,716.00
    -345.00 (-1.11%)
     
  • Nasdaq Futures

    11,463.00
    -148.25 (-1.28%)
     
  • Russell 2000 Futures

    1,705.20
    -23.30 (-1.35%)
     
  • Crude Oil

    108.52
    +0.09 (+0.08%)
     
  • Gold

    1,800.80
    -0.70 (-0.04%)
     
  • Silver

    19.75
    +0.08 (+0.42%)
     
  • EUR/USD

    1.0290
    -0.0134 (-1.29%)
     
  • 10-Yr Bond

    2.8350
    -0.0540 (-1.87%)
     
  • Vix

    28.89
    +0.18 (+0.63%)
     
  • GBP/USD

    1.1965
    -0.0139 (-1.15%)
     
  • USD/JPY

    135.9420
    +0.2820 (+0.21%)
     
  • BTC-USD

    19,457.58
    -217.13 (-1.10%)
     
  • CMC Crypto 200

    422.31
    +2.17 (+0.52%)
     
  • FTSE 100

    7,092.48
    -140.17 (-1.94%)
     
  • Nikkei 225

    26,423.47
    +269.66 (+1.03%)
     

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Organogenesis Holdings (ORGO) Investors with Substantial Losses to Contact Firm’s Attorneys Now, Securities Fraud Class Action Filed

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

SAN FRANCISCO, CA / ACCESSWIRE / December 15, 2021 / Hagens Berman urges Organogenesis Holdings Inc. (NASDAQ:ORGO) investors with significant losses to submit your losses now.

Class Period: Mar. 17, 2021 - Oct. 11, 2021

Lead Plaintiff Deadline: Feb. 8, 2022

Visit:www.hbsslaw.com/investor-fraud/ORGO

Contact An Attorney Now:ORGO@hbsslaw.com

844-916-0895

Organogenesis Holdings Inc. (ORGO) Securities Class Action:

The complaint alleges that Defendants misrepresented and omitted material facts concerning principal growth drivers for Organogenesis' key wound treatment products Affinity and "PuraPly XT."

Specifically, Defendants concealed that: (i) Organogenesis improperly billed the federal government for its Affinity and PuraPly XT products by, among other things, setting the price for those products multiple times higher than similar products; (ii) the Company improperly induced doctors to use its Affinity and PuraPly XT products through lucrative reimbursements; (iii) as a result of all the foregoing, the Company's revenue and profits derived from its Affinity and PuraPly XT products were at least in substantial part unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

The truth emerged on Oct. 12, 2021, when a contributor to Value Investors Club reportedly alleged Organogenesis has improperly billed the federal government by about $250 million per year, set an exorbitantly high price for Affinity that Medicare reimbursed, and paid large rebates to doctors who use Affinity.

On this news, Organogenesis' stock price fell $1.70 per share, or nearly 15%, injuring investors

"We're focused on investors' losses and proving Organogenesis bilked the federal government," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Organogenesis and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Organogenesis should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or emailORGO@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers, and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP



View source version on accesswire.com:
https://www.accesswire.com/677955/HAGENS-BERMAN-NATIONAL-TRIAL-ATTORNEYS-Encourages-Organogenesis-Holdings-ORGO-Investors-with-Substantial-Losses-to-Contact-Firms-Attorneys-Now-Securities-Fraud-Class-Action-Filed