LOS ANGELES, CA / ACCESSWIRE / September 5, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of STAAR Surgical Company ("STAAR" or "the Company") (NASDAQ:STAA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. STAAR is the subject of a report by investment analyst J Capital titled, "STARR Surgical, Less Than Meets the Eye." The report alleges that the Company has overstated its sales in China by at least one-third, "meaning all of the Company's $14 mln in 2019 profit is fake." The report, based on extensive interviews and research, states that the Company reports fake sales numbers and then marks up marketing costs in a scheme to hide "phantom" revenue. Based on this news, shares of STAAR fell by 6% on August 11, 2020, damaging investors.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm