{"id":400152,"date":"2020-12-15T10:41:08","date_gmt":"2020-12-15T15:41:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400152"},"modified":"2020-12-15T10:41:08","modified_gmt":"2020-12-15T15:41:08","slug":"shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. (PEN) and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  15, 2020  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Penumbra Inc. (\u201cPenumbra\u201d or the \u201cCompany\u201d) (NYSE: PEN).<\/p>\n<p align=\"justify\">Penumbra, Inc. designs, develops, manufactures, and markets medical devices. The Company offers peripheral vascular and neurovascular devices that help patients suffering from stroke and other neurovascular diseases.<\/p>\n<p align=\"justify\">On November 10, 2020, Quintessential Capital Management issued a research report on the Company entitled \u201cPenumbra and its \u2018Killer Catheter\u2019.\u201d In it, the report revealed that \u201cPenumbra\u2019s flagship device, the Jet 7 Xtra Flex, has a structural design flaw that makes it prone to critical malfunctioning\u201d and that the \u201ckiller catheter\u201d has already malfunctioned [causing the death] of 17 patients and leaving 35 others with brain injuries.\u201d<\/p>\n<p align=\"justify\">On December 8, 2020, <em>Quintessential Capital Management <\/em>published a damaging report entitled \u201cIs Penumbra\u2019s core scientific research authored by a fake person?.\u201d The report accused Penumbra of having engaged in a multi-year scheme to fraudulently produce a substantial portion of scientific literature using a fake character to support its product marketing to healthcare providers across United States and elsewhere. According to the report, \u201c[the] fraudulent character appears to have been fabricated by management in a reckless attempt to hide its involvement with critical research produced with significant undisclosed conflicts of interest.\u201d<\/p>\n<p align=\"justify\">On this news, Penumbra\u2019 stock price fell approximately $16 per share, or 8.3%, during intraday trading on December 8, 2020.<\/p>\n<p align=\"justify\">If you are a shareholder of Penumbra and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7201 or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GxwDgp3AIFMZidtPKbjnxwMWToENuxphzGRuAPpsDOlmC4ktZ-OgcQYG8Y-EJdnUzmj6te6jb5YdQKM1j_JfNLhAGjqAPZwf6XSBw5UpLhY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@lowey.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding Penumbra should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totalling up to 30 percent of any successful recovery made by the SEC.<\/p>\n<p align=\"justify\">\n        <strong>About Lowey Dannenberg<\/strong>\n      <\/p>\n<p align=\"justify\">Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.<\/p>\n<p>\n        <strong>Contact<\/strong>\n      <\/p>\n<p>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100\u00a0<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7256<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GxwDgp3AIFMZidtPKbjnxwMWToENuxphzGRuAPpsDOkqxzWN9ESRoQendhFtaueuHCO7S03ol7xdWD6JpoyaoPRrpMooeHZB07F3RBLGhgA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@lowey.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjYzOSMzODgyNjUzIzIxOTQ1MzQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/88892a06-2807-46b1-8ba6-7c28c3fcbcd0\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Penumbra Inc. (\u201cPenumbra\u201d or the \u201cCompany\u201d) (NYSE: PEN). Penumbra, Inc. designs, develops, manufactures, and markets medical devices. The Company offers peripheral vascular and neurovascular devices that help patients suffering from stroke and other neurovascular diseases. On November 10, 2020, Quintessential Capital Management issued a research report on the Company entitled \u201cPenumbra and its \u2018Killer Catheter\u2019.\u201d In it, the report revealed that \u201cPenumbra\u2019s flagship device, the Jet 7 Xtra Flex, has a structural design flaw that makes it prone to critical malfunctioning\u201d and that the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. (PEN) and Encourages Investors to Contact the Firm&#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-400152","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. (PEN) and Encourages Investors to Contact the Firm - 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\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. (PEN) and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Penumbra Inc. (\u201cPenumbra\u201d or the \u201cCompany\u201d) (NYSE: PEN). Penumbra, Inc. designs, develops, manufactures, and markets medical devices. The Company offers peripheral vascular and neurovascular devices that help patients suffering from stroke and other neurovascular diseases. On November 10, 2020, Quintessential Capital Management issued a research report on the Company entitled \u201cPenumbra and its \u2018Killer Catheter\u2019.\u201d In it, the report revealed that \u201cPenumbra\u2019s flagship device, the Jet 7 Xtra Flex, has a structural design flaw that makes it prone to critical malfunctioning\u201d and that the &hellip; Continue reading &quot;SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. 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Penumbra, Inc. designs, develops, manufactures, and markets medical devices. The Company offers peripheral vascular and neurovascular devices that help patients suffering from stroke and other neurovascular diseases. On November 10, 2020, Quintessential Capital Management issued a research report on the Company entitled \u201cPenumbra and its \u2018Killer Catheter\u2019.\u201d In it, the report revealed that \u201cPenumbra\u2019s flagship device, the Jet 7 Xtra Flex, has a structural design flaw that makes it prone to critical malfunctioning\u201d and that the &hellip; Continue reading \"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. (PEN) and Encourages Investors to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-15T15:41:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjYzOSMzODgyNjUzIzIxOTQ1MzQ=","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\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-p-c-investigates-claims-on-behalf-of-investors-of-penumbra-inc-pen-and-encourages-investors-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Penumbra Inc. 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