TACTILE SYSTEMS INVESTIGATION CONTINUED BY Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Tactile Systems Technology, Inc. - TCMD
b"Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d), announces that KSF continues its investigation into Tactile Systems Technology, Inc. (NasdaqGS: TCMD).\nOn June 8, 2020, a report issued by OSS Research raised allegations that the Company\xe2\x80\x99s growth was the result of \xe2\x80\x9ca kick-back scheme that has resulted in rampant overprescribing\xe2\x80\x9d and that \xe2\x80\x9cMedicare has recently launched an industry-wide audit in which Tactile has been disproportionately targeted.
- b"Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d), announces that KSF continues its investigation into Tactile Systems Technology, Inc. (NasdaqGS: TCMD).\nOn June 8, 2020, a report issued by OSS Research raised allegations that the Company\xe2\x80\x99s growth was the result of \xe2\x80\x9ca kick-back scheme that has resulted in rampant overprescribing\xe2\x80\x9d and that \xe2\x80\x9cMedicare has recently launched an industry-wide audit in which Tactile has been disproportionately targeted.
- 70% of Tactile's claims audited so far have been retroactively denied.\xe2\x80\x9d\nThereafter, the Company and certain of its executives were sued in a securities class action lawsuit charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.\nKSF\xe2\x80\x99s investigation is focusing on whether Tactile\xe2\x80\x99s officers and/or directors breached their fiduciary duties to Tactile\xe2\x80\x99s shareholders or otherwise violated state or federal laws.\nIf you have information that would assist KSF in its investigation, or have been a long-term holder of Tactile shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( [email protected] ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-tcmd/ to learn more.\nAbout Kahn Swick & Foti, LLC\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\xe2\x80\x99s premier boutique securities litigation law firms.
- KSF serves a variety of clients \xe2\x80\x93 including public institutional investors, hedge funds, money managers and retail investors \xe2\x80\x93 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.
- KSF has offices in New York, California and Louisiana.\nTo learn more about KSF, you may visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210521005466/en/\n"