NEW YORK, NY / ACCESSWIRE / May 24, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against American Well Corporation ("Amwell" or "the Company") (NASDAQ:AMWL).
On May 12, 2021, post-market, Amwell issued a press release announcing its financial results for the first quarter of 2021. Among other results, the telehealth services company reported revenue of $57.5 million, missing consensus estimates by $1.16 million.
On this news, Amwell's stock price fell $2.77 per share, or 21.61%, to close at $10.05 on May 13, 2021.
The investigation concerns whether Amwell and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
If you currently own stock or options in American Well Corporation and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
David J. Schwartz
SOURCE: Labaton Sucharow LLP