PR Newswire | Feb 2, 2021 12:05AM EST

Investors of iRhythm Technologies, Inc. - IRTC

02/01 23:04 CST

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of iRhythm Technologies, Inc. - IRTC NEW YORK, Feb. 1, 2021

NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of iRhythm Technologies, Inc. ("iRhythm" or the "Company") (NASDAQ: IRTC). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether iRhythm and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On January 29, 2021, Novitas Solutions, a regional Medicare rate negotiator, posted reimbursement rates for extended external electrocardiography ("EKG") devices, including iRhythm's wearable heart rate monitors. The posted reimbursement rates ranged from $40 to $80, representing a drop of hundreds of dollars from prior reimbursement rates.

On this news, iRhythm's stock price fell $82.58 per share, or 32.9%, to close at $168.42 per share on January 29, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980

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SOURCE Pomerantz LLP