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LAWSUITS FILED AGAINST IRTC, CLOV and EBIX - Jakubowitz Law Pursues Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / March 31, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

iRhythm Technologies, Inc. (NASDAQ:IRTC)

CONTACT JAKUBOWITZ ABOUT IRTC:
https://claimyourloss.com/securities/irhythm-technologies-inc-loss-submission-form/?id=14257&from=1

Class Period : August 4, 2020 - January 28, 2021

Lead Plaintiff Deadline : April 2, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) iRhythm's business would suffer as a result of the CMS' rulemaking; (2) reimbursement rates would in fact plummet; (3) a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Company's business; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times

Clover Health Investments, Corp. (NASDAQ:CLOV)

CONTACT JAKUBOWITZ ABOUT CLOV:
https://claimyourloss.com/securities/clover-health-investments-corp-loss-submission-form/?id=14257&from=1

Class Period : October 6, 2020 - February 3, 2021

Lead Plaintiff Deadline : April 6, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Clover was the recipient of a Civil Investigative Demand from the DOJ; (ii) much of Clover's sales are driven by a major related party deal that Clover not only failed to disclose but took active steps to conceal; (iii) Clover's
subsidiary Seek Insurance failed to disclose its relationship with Clover and misled consumers as to its purported independence; (iv) Clover's software was in fact rudimentary; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Ebix, Inc. (NASDAQ:EBIX)

CONTACT JAKUBOWITZ ABOUT EBIX:
https://claimyourloss.com/securities/ebix-inc-loss-submission-form/?id=14257&from=1

Class Period : November 9, 2020 - February 19, 2021

Lead Plaintiff Deadline : April 23, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix's gift card business in India during the fourth quarter of 2020; (2) there was a material weakness in Company's internal controls over the gift or prepaid revenue transaction cycle; and (3) the Company's independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix's outside legal counsel; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



View source version on accesswire.com:
https://www.accesswire.com/638425/LAWSUITS-FILED-AGAINST-IRTC-CLOV-and-EBIX--Jakubowitz-Law-Pursues-Shareholders-Claims