GlobeNewswire Inc | Feb 2, 2021 08:01AM EST

February 02, 2021

Click here to join the case

LOS ANGELES, Feb. 02, 2021 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of iRhythm Technologies, Inc. ("iRhythm" or "the Company") (NASDAQ: IRTC) investors that acquired securities between September 4, 2019 and October 28, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the Complaint, the Company made false and misleading statements to the market. U.S. Centers for Medicare and Medicaid Services (CMS) rulemaking caused iRhythms business to suffer. The Companys reimbursement rates plummeted as a result. Further uncertainty and weakness in the Companys business was caused by a lack of national pricing in the CMS rule and fee schedule. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about iRhythm, investors suffered damages.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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