{"id":400541,"date":"2020-12-15T18:17:15","date_gmt":"2020-12-15T23:17:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400541"},"modified":"2020-12-15T18:17:15","modified_gmt":"2020-12-15T23:17:15","slug":"shareholder-alert-penumbra-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-penumbra-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Penumbra, Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BOSTON, Dec.  15, 2020  (GLOBE NEWSWIRE) &#8212; After the markets closed on December 15, 2020, Penumbra, Inc. (NYSE: PEN) stunned the market when it announced that it was voluntarily recalling all configurations of its Jet\u00ae 7 Reperfusion Catheter with Xtra Flex technology. The Company stated that the catheter \u201cmay become susceptible to distal tip damage during use,\u201d which could lead to \u201cpatient injury or death.\u201d On this news, shares are down approximately 7% in aftermarket trading.<\/p>\n<p align=\"justify\">This recall comes on the heels of a November 10, 2020 research report released by Quintessential Capital Management (\u201cQCM\u201d) entitled \u201cPenumbra and its \u2018Killer Catheter\u2019: A tale of corporate greed and seemingly blatant disregard for patients\u2019 lives[.]\u201d QCM stated that it received \u201cexpert opinions from multiple surgeons and former senior FDA personnel,\u201d leaving QCM \u201cconfident that Penumbra\u2019s flagship device may be on the verge of a class 1 recall by the FDA.\u201d<\/p>\n<p align=\"justify\">Then on December 8, 2020, QCM released another research report entitled \u201cIs Penumbra\u2019s core scientific research authored by a fake person?: The incredible story of Penumbra\u2019s Dr. Antik Bose[.]\u201d In this second report, QCM alleged that some of the Company\u2019s research papers appeared to have been incorrectly attributed to, or perhaps even authored by, a fake individual.<\/p>\n<p align=\"justify\">PEN shares are trading at approximately $176.00 each, down from the November 10, 2020 closing price of over $261.00 per share. This represents billions of dollars in lost market capitalization.<\/p>\n<p align=\"justify\">Block &amp; Leviton LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gt6YrwEmER5HWatarpURgim-VOjk0Bya5RNX1pmEa-PpPzL2QlfiIOjmc5TYpSLo4a8G9z3d4pyA36cpijjw8iTSRIRLO6Nds1OHh6ePSnE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.blockleviton.com<\/a>), a national securities litigation firm, is investigating whether Penumbra and certain of its executives may be liable for securities fraud. If you purchased or acquired shares of Penumbra and have questions about your legal rights or possess information relevant to these investigations, please contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VLf6C50IKflqQWKSLp9EfpS2G9ndFi5XigenHwUY6FpaBuTUvtCDjhayKtg0e4bdaeEIqoQwrG3_oi5872sOSmHmQ6-4rsvbgcpxj4QUI4o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@blockleviton.com<\/a>, or at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2JWuEaL4xMtcaFEfMH8DaUH0Rq_p7VxnH3ayl0M4wiAypBeqJVvSip5haOhmL7CL_fmCr48E8B2eedVwcw7SOlGFrRoB38IiL4aagYWC8lBPfEUrK5elbcFjmFUuZRSB592OAAWgJ1yVqhlzpziXAA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.blockleviton.com\/cases\/pen<\/a>.<\/p>\n<p align=\"justify\">Block &amp; Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country\u2019s financial markets. The firm represents many of the nation\u2019s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm\u2019s lawyers have recovered billions of dollars for its clients.<\/p>\n<p>This notice may constitute attorney advertising.<\/p>\n<p>CONTACT:<br \/>BLOCK &amp; LEVITON LLP<br \/>260 Franklin St., Suite 1860<br \/>Boston, MA 02110<br \/>Phone: (617) 398-5600<br \/>Email: cases@blockleviton.com<br \/>SOURCE: Block &amp; Leviton LLP<br \/>www.blockleviton.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjkxNiMzODgzNDg0IzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e7321e7f-21e1-4a13-bb45-995c2a17dcf6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; After the markets closed on December 15, 2020, Penumbra, Inc. (NYSE: PEN) stunned the market when it announced that it was voluntarily recalling all configurations of its Jet\u00ae 7 Reperfusion Catheter with Xtra Flex technology. The Company stated that the catheter \u201cmay become susceptible to distal tip damage during use,\u201d which could lead to \u201cpatient injury or death.\u201d On this news, shares are down approximately 7% in aftermarket trading. This recall comes on the heels of a November 10, 2020 research report released by Quintessential Capital Management (\u201cQCM\u201d) entitled \u201cPenumbra and its \u2018Killer Catheter\u2019: A tale of corporate greed and seemingly blatant disregard for patients\u2019 lives[.]\u201d QCM stated that it received \u201cexpert opinions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-penumbra-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Penumbra, Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should 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-400541","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Penumbra, Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should 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-penumbra-inc-investigated-for-possible-securities-laws-violations-by-block-leviton-llp-investors-should-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: Penumbra, Inc. Investigated for Possible Securities Laws Violations by Block &amp; Leviton LLP; Investors Should Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; After the markets closed on December 15, 2020, Penumbra, Inc. (NYSE: PEN) stunned the market when it announced that it was voluntarily recalling all configurations of its Jet\u00ae 7 Reperfusion Catheter with Xtra Flex technology. The Company stated that the catheter \u201cmay become susceptible to distal tip damage during use,\u201d which could lead to \u201cpatient injury or death.\u201d On this news, shares are down approximately 7% in aftermarket trading. This recall comes on the heels of a November 10, 2020 research report released by Quintessential Capital Management (\u201cQCM\u201d) entitled \u201cPenumbra and its \u2018Killer Catheter\u2019: A tale of corporate greed and seemingly blatant disregard for patients\u2019 lives[.]\u201d QCM stated that it received \u201cexpert opinions &hellip; Continue reading &quot;SHAREHOLDER ALERT: Penumbra, Inc. 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(NYSE: PEN) stunned the market when it announced that it was voluntarily recalling all configurations of its Jet\u00ae 7 Reperfusion Catheter with Xtra Flex technology. The Company stated that the catheter \u201cmay become susceptible to distal tip damage during use,\u201d which could lead to \u201cpatient injury or death.\u201d On this news, shares are down approximately 7% in aftermarket trading. This recall comes on the heels of a November 10, 2020 research report released by Quintessential Capital Management (\u201cQCM\u201d) entitled \u201cPenumbra and its \u2018Killer Catheter\u2019: A tale of corporate greed and seemingly blatant disregard for patients\u2019 lives[.]\u201d QCM stated that it received \u201cexpert opinions &hellip; Continue reading \"SHAREHOLDER ALERT: Penumbra, Inc. 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