NEW YORK, April 01, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of iRhythm Technologies, Inc. (
) concerning possible violations of federal securities laws.
On March 13, 2019, Kerrisdale Capital issued a report alleging that “at the core of iRhythm’s revenue base is an exceedingly generous, but increasingly fragile, reimbursement regime.” Then on March 27, 2019, Washington Analysis LLC issued a report estimating that the Company could face a 45%-65% reimbursement cut for its Zio XT Patch. Following this news, shares of iRhythm fell from a close of $87.34 on march 13, 2019, to a recent close of $74.96 on March 29, 2019. To obtain additional information, go to :
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
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