{"id":401487,"date":"2020-12-16T21:35:11","date_gmt":"2020-12-17T02:35:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401487"},"modified":"2020-12-16T21:35:11","modified_gmt":"2020-12-17T02:35:11","slug":"pen-investigation-alert-bernstein-liebhard-is-investigating-penumbra-inc-for-violations-of-the-securities-laws","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pen-investigation-alert-bernstein-liebhard-is-investigating-penumbra-inc-for-violations-of-the-securities-laws\/","title":{"rendered":"PEN INVESTIGATION ALERT: Bernstein Liebhard is Investigating Penumbra, Inc. For Violations of the Securities Laws"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Dec. 16, 2020<\/span> \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Penumbra, Inc. (“Penumbra” or the “Company”) (NYSE: PEN) resulting from allegations that Penumbra might have issued misleading information to the investing public.<\/p>\n

\n

\n
\n \"Bernstein
\n <\/a>\n <\/p>\n<\/p><\/div>\n

If you purchased Penumbra securities, and\/or would like to discuss your legal rights and options<\/b> please visit PEN Shareholder Investigation<\/a> or contact Matthew E. Guarnero<\/span><\/a> toll free at (877) 779-1414<\/b> or MGuarnero@bernlieb.com<\/a>. <\/p>\n

On December 8, 2020<\/span>, Quintessential Capital Management (“QCM”) published a report entitled: “Is Penumbra’s Core Scientific Research Authored by a Fake Person?” In the report, QCM alleged that “a substantial portion of scientific literature produced by Penumbra appears to have been authored by a fictional character.” QCM performed extensive internet research and found that several Penumbra research papers promoting its own devices were authored by a “Dr. Antik Bose,” who QCM claims is “just a fake internet persona[.]”<\/p>\n

On this news, Penumbra’s stock price fell $19.95<\/span> per share, nearly 9%, to close at $204.07<\/span> per share on December 8, 2020<\/span><\/p>\n

On December 15, 2020<\/span>, after the markets closed, Penumbra announced that it was “voluntarily recalling all configurations” of its JET 7 Xtra Flex Reperfusion Catheter “because the catheter may become susceptible to distal tip damage during use.” This news came after a November 10, 2020<\/span> QCM report called: “Penumbra and its ‘Killer Catheter.'” In this report, QCM conducted interviews with “[n]euroradiologists [and] former FDA senior staff” and found that the JET 7 device was “linked to 18 recorded deaths [and] 39 injuries.”<\/p>\n

Following the recall, Penumbra’s shares are trading at approximately $173.00<\/span> per share, down over 16%, on December 16, 2020<\/span>. <\/p>\n

If you purchased<\/b>Penumbra securities, and\/or would like to discuss your legal rights and options<\/b> please visit https:\/\/www.bernlieb.com\/cases\/penumbrainc-pen-shareholder-class-action-lawsuit-fraud-stock-345\/apply\/<\/a> or contact Matthew E. Guarnero<\/span><\/a> toll free at (877) 779-1414<\/b> or MGuarnero@bernlieb.com<\/a>. <\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion<\/span> for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York<\/span> 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut<\/span> is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n

Contact Information<\/p>\n

\n Matthew E. Guarnero<\/span>
\n
Bernstein Liebhard LLP
https:\/\/www.bernlieb.com<\/a>
(877) 779-1414
MGuarnero@bernlieb.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/pen-investigation-alert-bernstein-liebhard-is-investigating-penumbra-inc-for-violations-of-the-securities-laws-301194683.html<\/a><\/p>\n

SOURCE Bernstein Liebhard LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 16, 2020 \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Penumbra, Inc. (“Penumbra” or the “Company”) (NYSE: PEN) resulting from allegations that Penumbra might have issued misleading information to the investing public. If you purchased Penumbra securities, and\/or would like to discuss your legal rights and options please visit PEN Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. On December 8, 2020, Quintessential Capital Management (“QCM”) published a report entitled: “Is Penumbra’s Core Scientific Research Authored by a Fake Person?” In the report, QCM alleged that “a substantial portion of scientific literature produced by Penumbra … <\/p>\n

Continue reading “PEN INVESTIGATION ALERT: Bernstein Liebhard is Investigating Penumbra, Inc. For Violations of the Securities Laws”<\/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-401487","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPEN INVESTIGATION ALERT: Bernstein Liebhard is Investigating Penumbra, Inc. 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(“Penumbra” or the “Company”) (NYSE: PEN) resulting from allegations that Penumbra might have issued misleading information to the investing public. If you purchased Penumbra securities, and\/or would like to discuss your legal rights and options please visit PEN Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. On December 8, 2020, Quintessential Capital Management (“QCM”) published a report entitled: “Is Penumbra’s Core Scientific Research Authored by a Fake Person?” In the report, QCM alleged that “a substantial portion of scientific literature produced by Penumbra … Continue reading "PEN INVESTIGATION ALERT: Bernstein Liebhard is Investigating Penumbra, Inc. 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