The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Ra Medical
Systems, Inc. (“Ra Medical” or “the Company”) (NYSE: RMED)
for violations of the federal securities laws.
Investors who purchased the Company’s shares pursuant to and/or
traceable to the Company’s Initial Public Offering in September 2018
(the “IPO”) are encouraged to contact the firm before August 6, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Ra Medical’s evaluation of sales candidates
and training for those candidates hired were inadequate. The Company
failed to ensure that candidates hired for sales positions had
sufficient work experience. This resulted in the Company experiencing a
shortage of qualified sales personnel. At the same time, the Company
experienced problems in increasing catheter production, suffering
production delays. Based on the facts, the Company’s public statements
were false and materially misleading throughout the class period. When
the market learned the truth about Ra Medical, investors suffered
damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
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