U.S. markets closed

Tactile Systems Technology, Inc. Investors: Company Investigated by the Portnoy Law Firm

Click here to contact the firm and participate in the action.

LOS ANGELES, June 09, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Tactile Systems Technology, Inc. (TCMD) investors that the firm has initiated an investigation into alleged violations of securities laws, and may file a lawsuit on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, including eligibility for appointment as a class representative. Class representatives are appointed by the court to act as a fiduciary on behalf of other injured investors.

The investigation focuses on whether the company’s officers misled investors regarding the reason for Tactile’s growth, namely that Tactile allegedly hid a kickback scheme from investors. On June 8, 2020, OSS Research issued a report alleging that, "We address the likely true source of Tactile's growth: a kickback arrangement, we believe, is resulting in rampant over-prescribing. Payers, including the VA, are cracking down and cutting reimbursement to Tactile…Medicare has launched an audit and data reveals Tactile has been found non-compliant on 71% of its claims.”On this news, the Company's share sharply.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors from around the world and specializes in securities class actions and shareholder rights litigation. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar

Attorney Advertising