NEW YORK, July 29, 2020 /PRNewswire/ --
WeissLaw LLP, a national class action and shareholders' rights law firm with offices in New York, California and Georgia, announces an investigation of Tactile Systems Technology, Inc. (NASDAQ: TCMD) ("Tactile Systems," or the "Company").
If you own Tactile Systems shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
The investigation focuses on possible breaches of fiduciary duty and violations of federal securities laws by Tactile Systems' Board of Directors. Notably, in June, OSS Research issued a report alleging that a kickback scheme was the likely true source of Tactile Systems' growth. The Report further alleged that Medicare has launched an audit regarding the Company's practices.
WeissLaw is investigating whether Tactile Systems' Board breached its fiduciary duties to the Company and its shareholders by making materially false and/or misleading statements, as well as failing to disclose information with regard to the Company's operations to the Tactile Systems shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information) please email us at email@example.com
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SOURCE WeissLaw LLP