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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 16, 2021 to file lead plaintiff applications in a securities class action lawsuit against Penumbra, Inc. (NYSE: PEN).
Penumbra and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
Following a series of prior negative disclosures, on December 15, 2020, post-market, the Company disclosed that it was issuing an “urgent” and “voluntary” recall of its Jet 7 Xtra Flex product because the catheter “may become susceptible to distal tip damage during use” potentially leading to injury or death.
On this news, the price of Penumbra’s shares declined, damaging investors.
If you purchased shares of Penumbra and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Williams v. Penumbra, et al., 21-cv-420.
Click here to read the case complaint.