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.
The Portnoy Law Firm has commenced an investigation into these claims of alleged securities fraud and currently prepares a complaint on behalf of investors.
Tactile Systems Technology, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at firstname.lastname@example.org.
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