5 days left to seek lead plaintiff status
Case Summary
Company Name Eargo, Inc.
Stock Symbol EAR
Class Period October 15, 2020 to September 22, 2021
Motion Deadline December 6, 2021

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Eargo, Inc. (NASDAQ: EAR). The case is currently in the lead plaintiff stage. Investors who purchased (a) Eargo shares in or traceable to the Company’s initial public offering of common stock conducted on or around October 15, 2020; or (b) shares of Eargo common stock between October 15, 2020 and September 22, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email investors@tenlaw.com or call 617-531-3917.

The case alleges that Eargo and its senior executives made misleading statements to investors and failed to disclose that: (i) Eargo had improperly sought reimbursements from certain third-party payors; (ii) the foregoing was reasonably likely to lead to regulatory scrutiny; and (iii) as a result and because the reimbursements at issue involved Eargo’s largest third-party payor, the Company’s financial results would be adversely impacted.

Interested Eargo investors have until December 6, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Eargo, Inc. (EAR) securities.

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