INVESTOR ALERT: Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Ra Medical Systems, Inc.
May 28 2019 - 8:10PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against Ra Medical Systems, Inc. (“Ra Medical” or the
“Company”) (NYSE: RMED). This investigation concerns whether Ra
Medical has violated federal securities laws and/or engaged in
other unlawful business practices.
In September 2018, Ra Medical completed its initial public
offering (“IPO”), issuing approximately 4.5 million shares of
common stock priced at $17.00 per share. On March 14, 2019, the
Company revealed that its fourth quarter 2018 financial results had
been negatively impacted by issues related to the hiring and
training of qualified sales personnel and certain production
limitations. On this news, Ra Medical’s stock price fell $2.14 per
share, approximately 32.6%, to close at $4.43 per share on March
15, 2019. As of market close on May 28, 2019, the stock price was
$3.60.
If you acquired Ra Medical securities, have information, or
would like to learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190528005834/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
Ra Medical Systems (NYSE:RMED)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ra Medical Systems (NYSE:RMED)
Historical Stock Chart
From Apr 2023 to Apr 2024