{"id":386219,"date":"2020-11-20T16:26:16","date_gmt":"2020-11-20T21:26:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386219"},"modified":"2020-11-20T16:26:16","modified_gmt":"2020-11-20T21:26:16","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  20, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZBKJvOhuU5a7s1R9kNWQBc3-5eS3lFFeLOjJ0AuNxf6Z6PK2rCZPAQ2HI5ByoAinu4Guxi6WHTVP6l0AO6KLkA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Tactile Systems Technology, Inc. (\u201cTactile\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NURmhHtktDAckvRWUoQYDHGalfzCtpwtdLUlpWQsRoNeNGEhRBOlrtKFpkk1-tFtR_8LLli7hl3fM92MILn2JX_lddDWA-EDF5SHqjN9FJLdaYk6gidEnbmNALRdCt-l\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TCMD<\/a>) securities during the period from May 7, 2018 through June 8, 2020 (the \u201cClass Period\u201d). Investors have until November 30, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">The complaint alleges that throughout the class period Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (1) while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in truth, the total addressable market for Tactile\u2019s pneumatic compression devices was materially smaller; (2) to induce sales growth and share gains, Tactile and\/or its employees were engaged in illicit and illegal sales and marketing activities in violation of applicable federal and state rules and public payer regulations; (3) the foregoing illicit and illegal sales and marketing activities increased the risk of a Medicare audit of Tactile\u2019s claims and criminal and civil liability; (4) Tactile\u2019s revenues were in part the product of unlawful conduct and thus unsustainable; and that as a result of the foregoing, (5) Defendants\u2019 public statements, including Tactile\u2019s year-over-year revenue growth, the purported growth drivers, and the effectiveness of Tactile\u2019s internal controls over financial reporting were materially false and misleading at all relevant times.<\/p>\n<p align=\"justify\">If you acquired Tactile securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oK4x4PRbGFYg2r6ZJZmP7pauIIz9ZLKXD9lf9OKVx_FoKYtz5kCjVmoNHU1B__HtTS9SePuMmFWdFWmhdgZxoFPOyG2DKrmsY6wNYF-85MY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Thomas W. Elrod<\/a> of Kirby McInerney at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AArFba1J2N2Rv3cCeOsZKioGOVwKyuD7i8xbBOOIDt59AJrDrhgAmHWMVlTqWYReok7-A-5ftjlkYNsLCSr8KQpzxiDzr3GTSAtR9g8NS0w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a>, or by filling out <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yQefg9NIXR6m-_Jio_BLt_3sQyGbrdi0JtE4KeTjwVvhhY8yj43KDT7o9TYbd1TI6n1BTRw1y5qTpNEyX3jKPl3sBNLLQ2Xg9p3DKyXXi7s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">this <\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=R1B2ItHIyvnq4XZt8O2m8nuysm8YYQSRZcQTr70SLebE-tRnO1guVxHnVoPVr4Nun17tM_RhJ08RPvbCS5TIJdm7YsvthzaJEQmIjk8eZB0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bT07veBsWRgEdtawDoPi_86AbPvazn6di2xn1pTyqjjVK6qDsEMR3oyY-Py-Q-MIrx5bW3Q-yQMdW537mkO1crVL5c_keKNlbXZypdBmVgA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">,<\/a> to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZBKJvOhuU5a7s1R9kNWQBTvwDj1CPH0T59vzzRh9zXk8rudlxuZ-U2deKJvErGsM6UaGBDaZjUUDndBN--4aGQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, and whistleblower litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yu_zXmXAorb6Y5kOUxSXqSR7jrC2mOQOI9kjERqBn_Y5Zjogg4r_w7sIq61ApiLj2mYCHn7hUzJac2exm5-uiA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq., (212) 371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AArFba1J2N2Rv3cCeOsZKioGOVwKyuD7i8xbBOOIDt4u1BJQUzDUvv-rwmORSRd9KbFKSplSzcSs4dXDAh0lq-Ac6RZOtoTfI2qAqUeIlS4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yu_zXmXAorb6Y5kOUxSXqRhy7UgM7xZeb1Xtcq-YG3c0qC0C3o-kFUd6sKxfVmyzK9j41CJT74ziVKykP9q61g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDEwNCMzODM4MjM5IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/143f8549-5be2-4893-99fa-5201d06a11c0\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Tactile Systems Technology, Inc. (\u201cTactile\u201d or the \u201cCompany\u201d) (NASDAQ: TCMD) securities during the period from May 7, 2018 through June 8, 2020 (the \u201cClass Period\u201d). Investors have until November 30, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the class period Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (1) while Tactile publicly touted a $4 plus billion or $5 plus &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386219","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Tactile Systems Technology, Inc. (\u201cTactile\u201d or the \u201cCompany\u201d) (NASDAQ: TCMD) securities during the period from May 7, 2018 through June 8, 2020 (the \u201cClass Period\u201d). Investors have until November 30, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the class period Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (1) while Tactile publicly touted a $4 plus billion or $5 plus &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T21:26:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDEwNCMzODM4MjM5IzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020\",\"datePublished\":\"2020-11-20T21:26:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MDEwNCMzODM4MjM5IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020 - Market Newsdesk","og_description":"NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Tactile Systems Technology, Inc. (\u201cTactile\u201d or the \u201cCompany\u201d) (NASDAQ: TCMD) securities during the period from May 7, 2018 through June 8, 2020 (the \u201cClass Period\u201d). Investors have until November 30, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the class period Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (1) while Tactile publicly touted a $4 plus billion or $5 plus &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-20T21:26:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDEwNCMzODM4MjM5IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020","datePublished":"2020-11-20T21:26:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/"},"wordCount":412,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDEwNCMzODM4MjM5IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-tactile-systems-technology-inc-and-encourages-investors-to-contact-the-firm-before-november-3-2\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Tactile Systems Technology, Inc. and Encourages Investors to Contact the Firm Before November 30, 2020 - 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