Law Offices of Howard G. Smith announces an investigation on behalf of Establishment Labs Holdings Inc. (Establishment Labs or the Company) (NASDAQ: ESTA) investors concerning the Company and its officers possible violations of federal securities laws.
On April 10, 2019, Seeking Alpha published an article, alleging in relation to the Companys accounting, near-zero product return allowance, extremely high levels of inventory, several going concern clauses, a peripatetic CEO and a physically detached CFO. In addition to these claims, the article also alleged that the Company provided inaccurate information to both the SEC and investors.
On this news, the Companys share price fell $2.34, nearly 9%, to close at $21.17 on April 11, 2019, thereby injuring investors.
If you purchased Establishment Labs securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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