Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Establishment Labs Holdings Inc (NASDAQ: ESTA) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Establishment Labs Holdings Inc (NASDAQ: ESTA) concerning whether a series of statements by Establishment Labs Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 10, 2019, an article published on Seeking Alpha, entitled, “Establishment Labs: Troubling Conflicts And Financial Red Flags” claimed in part that, “[b]ig red flags are apparent in [Establishment Labs’] accounting in the form of near-zero product return allowance, extremely high levels of inventory, several going concern clauses, a peripatetic CEO and a physically detached CFO.” In addition, the article claimed that Establishment Labs “may have supplied the SEC and investors with misleading information.”
Following this news, NASDAQ: ESTA dropped sharply during intraday trading, harming investors.
Based in Alajuela, Costa Rica, and founded in 2004 Establishment Labs Holdings Inc designs, develops, manufactures, and markets medical devices for aesthetic plastic surgery, reconstructive plastic surgery, and aesthetic dermatology.
If you purchased shares of Establishment Labs Holdings Inc (NASDAQ: ESTA) on or before April 10, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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