NEW YORK, Sept. 19, 2019 /PRNewswire/ -- Moore Kuehn, PLLC,
a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims involving the directors and officers regarding
possible breaches of fiduciary duties and other violations of law
related to whether these insiders, as alleged in federal
securities lawsuits, caused their companies to make false and/or
misleading statements and/or failed to disclose, among other
things, that:
AAC Holdings (AAC)
(i) AAC's internal control over financial reporting and
disclosure controls and procedures was inadequate to accurately
reflect various adjustments; and (ii) AAC consequently misstated
financial and operating results in its annual reports for fiscal
years 2016 and 2017, as well as all quarterly reports throughout
2017 and 2018.
American Renal Associates (ARA)
(1) issues with American Renal's accounting processes would give
rise to an SEC investigation into the same, and increased
regulatory scrutiny; and (2) American Renal's financial statements
for fiscal years 2014, 2015, 2016 and 2017, among others, were
false and could not be relied upon.
Teledoc Health (TDOC)
(i) CFO, Hirschhorn, was engaged in an inappropriate sexual
relationship with a subordinate; (ii) Hirschhorn and this
subordinate engaged in insider trading to provide themselves with
undue benefits; and (iii) Hirschhorn caused the subordinate to
receive promotions for which she was unqualified.
Inogen (INGN)
(i) Inogen had overstated the size of the total addressable
market for its portable oxygen concentrators; (ii) Inogen had
falsely attributed its sales growth to the strong sales acumen of
its salesforce; (iii) the growth in Inogen's domestic
business-to-business sales to home medical equipment
providers was inflated; and (iv) very little of Inogen's business
was actually coming from the more stable Medicare market.
If you own AAC, ARA, TDOC, or INGS stock, please contact
Justin Kuehn, Esq. by email at
jkuehn@moorekuehn.com or telephone at (212) 709-8245. There is
no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
class action litigation involving securities law violations,
financial fraud, breaches of fiduciary duties, and other
claims. For additional information about Moore Kuehn, please
go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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