Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Penumbra, Inc. (PEN) Investigation
Back to Newsroom
Mentioned in this Article

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Penumbra, Inc. (PEN) Investigation

Monday, August 30, 2021 2:45 PM
Share this article now
Topic:
Lawsuits
Bronstein, Gewirtz and Grossman, LLC

NEW YORK, NY / ACCESSWIRE / August 30, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Penumbra, Inc. ("Penumbra" or the "Company") (NYSE:PEN). Investors who purchased Penumbra shares are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pen.

The investigation concerns whether Penumbra and certain of its officers and/or directors have violated federal securities laws.

On November 10, 2020, market analyst Quintessential Capital Management ("Quintessential") released a research report on the Company, entitled "Penumbra and its ‘Killer Catheter': A tale of corporate greed and seemingly blatant disregard for patients' lives[.]" Then, on December 8, 2020, Quintessential released a follow-up research report entitled "Is Penumbra's core scientific research authored by a fake person?: The incredible story of Penumbra's Dr. Antik Bose[.]" This follow-up report alleged that some of the Company's scientific research pieces appear to have been incorrectly attributed to or even authored by a non-existent individual. On this news, Penumbra's stock price fell $19.95 per share, or almost 9%, to close at $204.07 per share on December 8, 2020. Finally, on December 15, 2020, Penumbra announced that it was "voluntarily recalling all configurations" of its JET 7 Xtra Flex Reperfusion Catheter "because the catheter may become susceptible to distal tip damage during use. Distal tip damage in conjunction with pressurization or contrast injection may result in potential vessel damage, and subsequent patient injury or death." On this news, Penumbra's stock price fell $13.84 per share, or 7%, to close at $174.98 per share on December 16, 2020.

If you are aware of any facts relating to this investigation, or purchased Penumbra shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/pen. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]

SOURCE: Bronstein, Gewirtz & Grossman, LLC

Back to Newsroom
Copyright 2022 © ACCESSWIRE. All rights reserved. Privacy Policy  |   Terms and Conditions