SAN
FRANCISCO, June 17, 2025 /PRNewswire/ -- Schubert
Jonckheer & Kolbe LLP advises iRhythm Technologies,
Inc. investors that the firm is investigating potential legal
claims relating to alleged false
statements exaggerating the capabilities of iRhythm's wearable
Zio AT heart event monitor. Current shareholders are encouraged to
contact the firm.
On June 3, 2025, Judge
Jacqueline Scott Corley of the U.S.
District Court for the Northern District of California issued an order allowing key claims
in a securities fraud lawsuit against iRhythm and CEO
Quentin Blackford to move forward.
The lawsuit alleges that between November 2021 and August
2024, iRhythm intentionally misled investors by overstating
the accuracy and reliability of its Zio AT monitor and
misrepresented its suitability for high-risk patients—causing its
stock to trade at inflated prices. Judge Corley found that the
complaint sufficiently alleged that the defendants
made false and misleading statements with an intent to
defraud. During this time, company insiders sold approximately
$18 million worth of iRhythm stock.
The U.S. Department of Justice is also investigating iRhythm's
marketing practices. As the truth came out in a series of
disclosures from November 2022
through August 2024, iRhythm's stock
price fell significantly.
We are investigating potential wrongdoing by iRhythm's directors
and officers in connection with these allegations.
If you own stock in iRhythm, you may have legal options.
Please contact us today at
https://www.classactionlawyers.com/irhythm to learn
more.
About Schubert Jonckheer & Kolbe LLP
Schubert
Jonckheer & Kolbe represents shareholders, employees, and
consumers in class actions against corporate defendants, as well as
shareholders in derivative actions against officers and directors.
The firm is based in San Francisco
and, with the help of co-counsel, litigates cases nationwide.
Contact
Dustin L. Schubert
Schubert Jonckheer & Kolbe LLP
dschubert@schubertlawfirm.com
Tel: 415-788-4220
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SOURCE Schubert Jonckheer & Kolbe LLP
