GlobeNewswire Inc | Nov 11, 2020 10:00AM EST

November 11, 2020

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links belowor you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Tactile Systems Technology(NASDAQ: TCMD)Class Period: May 7, 2018 - June 8, 2020Deadline: November 30, 2020For more info:www.bgandg.com/tcmdThe Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statementsthat: (1) while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in truth, the total addressable market for Tactiles medical devices was materially smaller; (2) to induce sales growth and share gains, Tactile and/or its employees were engaged in illicit and illegal sales and marketing activities in violation of applicable federal and state rules and public payer regulations; (3) the foregoing illicit and illegal sales and marketing activities increased the risk of a Medicare audit of Tactiles claims and criminal and civil liability; (4) Tactiles revenues were in part the product of unlawful conduct and thus unsustainable; and that as a result of the foregoing, (5) Defendants public statements, including its year-over-year revenue growth and the purported growth drivers, were materially false and misleading at all relevant times.

Pintec Technology Holdings Limited(NASDAQ: PT)Class Period: Pintec securities acquired pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Companys October 2018 initial public offering ("IPO" or the "Offering")Deadline: November 30, 2020For more info:www.bgandg.com/ptThe Complaint allegesthat the Registration Statement was false and misleading and omitted to state material facts, and specifically failed to disclose that: (1) the Company erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis; (2) there were material weaknesses in Pintecs internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; (3) as a result of the foregoing, the Companys financial results for fiscal 2017 and 2018 had been misstated; and (4) consequently, Defendants positive statements about the Companys business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Contact:Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com