GlobeNewswire Inc | Feb 2, 2021 11:23AM EST

February 02, 2021

PHILADELPHIA, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of iRhythm Technologies, Inc. (iRhythm or the Company) (NASDAQ: IRTC) to determine whether the Company engaged in securities fraud or other unlawful business practices.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, iRHYTHM SECURITIES BETWEEN AUGUST 4, 2020 AND JANUARY 28, 2021, BOTH DATES INCLUSIVE (THE CLASS PERIOD), AND SUFFERED LOSSES GREATER THAN $100,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRMS SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, KCAULEY@KEHOELAWFIRM.COM, SECURITIES@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THESECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

On February 1, 2021, a class action lawsuit was filed against iRhythm in United States District Court, Northern District of California.

According to class action complaint, throughout the Class Period, the iRhythm Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts to investors. The iRhythm Defendants, allegedly, misrepresented and/or failed to disclose to investors that (1) iRhythms business would suffer as a result of the U.S. Centers for Medicare and Medicaid Services (CMS) rulemaking; (2) reimbursement rates would in fact plummet; (3) a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Companys business; and (4) as a result of the foregoing, the iRhythm Defendants public statements were materially false and misleading at all relevant times.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

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