|Company Name||Penumbra, Inc.|
|Class Period||August 3, 2020 to December 15, 2020|
|Motion Deadline||March 16, 2021|
The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Penumbra, Inc. (NYSE: PEN). The case is currently in the lead plaintiff stage. Investors who purchased Penumbra stock or other securities between August 3, 2020 and December 15, 2020 may submit their information above. Investors may also email firstname.lastname@example.org or call (617) 531-3917.
The case alleges that Penumbra and its senior executives made misleading statements to investors and failed to disclose that: (1) the Jet 7 Xtra Flex had known design defects that made it unsafe for its normal use; (2) Penumbra did not adequately address the risk of Jet 7 Xtra Flex causing serious injury and deaths, which had in fact already occurred; and (3) the Jet 7 Xtra Flex was likely to be recalled due to its safety issues.
Interested Penumbra investors have until March 16, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. 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’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.