{"id":402291,"date":"2020-12-17T16:06:25","date_gmt":"2020-12-17T21:06:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402291"},"modified":"2020-12-17T16:06:25","modified_gmt":"2020-12-17T21:06:25","slug":"investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/","title":{"rendered":"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 17, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017320-1&amp;h=2899812945&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>) is investigating claims on behalf of investors of Penumbra, Inc (&#8220;Penumbra&#8221; or the &#8220;Company&#8221;) (NYSE: PEN).<\/p>\n<p>On <span class=\"xn-chron\">Nov. 9, 2020<\/span>, Quintessential Capital Management (&#8220;QCM&#8221;)\u00a0published a report entitled &#8220;Penumbra and its &#8216;Killer Catheter.'&#8221; QCM stated, among other things that\u00a0&#8220;Penumbra&#8217;s flagship &#8216;Jet 7&#8217; device is linked to 18 recorded deaths, 39 injuries&#8221; and that &#8220;this might be only the &#8216;tip of the iceberg. . . .'&#8221;<\/p>\n<p>On <span class=\"xn-chron\">November 9, 2020<\/span>, Penumbra&#8217;s shares fell <span class=\"xn-money\">$8.76<\/span> per share, about 3.5%, to close at <span class=\"xn-money\">$242.46<\/span> per share.\u00a0<\/p>\n<p>On <span class=\"xn-chron\">December 8, 2020<\/span>, QCM published another report accusing 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.\u00a0 \u00a0<\/p>\n<p>On <span class=\"xn-chron\">December 8, 2020<\/span>, Penumbra&#8217;s shares fell <span class=\"xn-money\">$19.95<\/span> per share, about 8.9%, to close at <span class=\"xn-money\">$204.07<\/span> per share.<\/p>\n<p>Then, on <span class=\"xn-chron\">December 15, 2020<\/span>, after the market closed, Penumbra announced it is voluntarily recalling all configurations of its JET 7 Xtra Flex device\u00a0&#8220;because the catheter may become susceptible to distal tip damage during use&#8221; and &#8220;[d]istal tip damage in conjunction\u00a0with pressurization or contrast injection may result in potential vessel damage, and subsequent patient injury or death.&#8221;<\/p>\n<p>Following this news, Penumbra&#8217;s shares fell <span class=\"xn-money\">$13.84<\/span> per share, about 7.3%, to close at <span class=\"xn-money\">$174.98<\/span> per share on <span class=\"xn-chron\">December 16, 2020<\/span>.<\/p>\n<p>If you purchased or otherwise acquired Penumbra securities and would like to discuss our investigation, please contact us by emailing <a target=\"_blank\" href=\"mailto:pmayer@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">pmayer@kaplanfox.com<\/a> or by calling (646) 315-9003.\u00a0 <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">San Francisco<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">Chicago<\/span> and <span class=\"xn-location\">New Jersey<\/span>, has many years of experience in prosecuting investor class actions. For more information about <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP, you may visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017320-1&amp;h=2899812945&amp;u=http%3A%2F%2Fwww.kaplanfox.com%2F&amp;a=www.kaplanfox.com\" rel=\"nofollow noopener noreferrer\">www.kaplanfox.com<\/a>.\u00a0 If you have any questions about this investigation, your rights, or your interests, please contact: <\/p>\n<p>\n        <span class=\"xn-person\">Jeffrey P. Campisi<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP <br \/>850 Third Avenue, 14th Floor <br \/><span class=\"xn-location\">New York<\/span>, New York\u00a010022 <br \/>(212) 329-8571 <br \/>E-mail: <a target=\"_blank\" href=\"mailto:jcampisi@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">jcampisi@kaplanfox.com<\/a>\u00a0<\/p>\n<p>\n        <span class=\"xn-person\">Laurence D. King<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">KAPLAN FOX<\/span> &amp; KILSHEIMER LLP <br \/>1999 <span class=\"xn-person\">Harrison Street<\/span>, Suite 1560 <br \/><span class=\"xn-location\">Oakland, California<\/span> 94612 <br \/>(415) 772-4704 <br \/>Fax:\u00a0 (415) 772-4707 <br \/>E-mail: <a target=\"_blank\" href=\"mailto:lking@kaplanfox.com\" rel=\"nofollow noopener noreferrer\">lking@kaplanfox.com<\/a>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC28425&amp;sd=2020-12-17\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc-301195589.html\">http:\/\/www.prnewswire.com\/news-releases\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc-301195589.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Kaplan Fox<\/span> &amp; Kilsheimer LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC28425&amp;Transmission_Id=202012171603PR_NEWS_USPR_____DC28425&amp;DateId=20201217\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Dec. 17, 2020 \/PRNewswire\/ &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Penumbra, Inc (&#8220;Penumbra&#8221; or the &#8220;Company&#8221;) (NYSE: PEN). On Nov. 9, 2020, Quintessential Capital Management (&#8220;QCM&#8221;)\u00a0published a report entitled &#8220;Penumbra and its &#8216;Killer Catheter.&#8217;&#8221; QCM stated, among other things that\u00a0&#8220;Penumbra&#8217;s flagship &#8216;Jet 7&#8217; device is linked to 18 recorded deaths, 39 injuries&#8221; and that &#8220;this might be only the &#8216;tip of the iceberg. . . .&#8217;&#8221; On November 9, 2020, Penumbra&#8217;s shares fell $8.76 per share, about 3.5%, to close at $242.46 per share.\u00a0 On December 8, 2020, QCM published another report accusing Penumbra of having engaged in a multi-year scheme to fraudulently produce a substantial portion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc.&#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-402291","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc. - 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-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 17, 2020 \/PRNewswire\/ &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Penumbra, Inc (&#8220;Penumbra&#8221; or the &#8220;Company&#8221;) (NYSE: PEN). On Nov. 9, 2020, Quintessential Capital Management (&#8220;QCM&#8221;)\u00a0published a report entitled &#8220;Penumbra and its &#8216;Killer Catheter.&#039;&#8221; QCM stated, among other things that\u00a0&#8220;Penumbra&#8217;s flagship &#8216;Jet 7&#8217; device is linked to 18 recorded deaths, 39 injuries&#8221; and that &#8220;this might be only the &#8216;tip of the iceberg. . . .&#039;&#8221; On November 9, 2020, Penumbra&#8217;s shares fell $8.76 per share, about 3.5%, to close at $242.46 per share.\u00a0 On December 8, 2020, QCM published another report accusing Penumbra of having engaged in a multi-year scheme to fraudulently produce a substantial portion &hellip; Continue reading &quot;Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T21:06:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC28425&amp;sd=2020-12-17\" \/>\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-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc.\",\"datePublished\":\"2020-12-17T21:06:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/\"},\"wordCount\":384,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DC28425&amp;sd=2020-12-17\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\\\/\",\"name\":\"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc. - 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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-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/","og_locale":"en_US","og_type":"article","og_title":"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc. - Market Newsdesk","og_description":"PR Newswire NEW YORK, Dec. 17, 2020 \/PRNewswire\/ &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Penumbra, Inc (&#8220;Penumbra&#8221; or the &#8220;Company&#8221;) (NYSE: PEN). On Nov. 9, 2020, Quintessential Capital Management (&#8220;QCM&#8221;)\u00a0published a report entitled &#8220;Penumbra and its &#8216;Killer Catheter.'&#8221; QCM stated, among other things that\u00a0&#8220;Penumbra&#8217;s flagship &#8216;Jet 7&#8217; device is linked to 18 recorded deaths, 39 injuries&#8221; and that &#8220;this might be only the &#8216;tip of the iceberg. . . .'&#8221; On November 9, 2020, Penumbra&#8217;s shares fell $8.76 per share, about 3.5%, to close at $242.46 per share.\u00a0 On December 8, 2020, QCM published another report accusing Penumbra of having engaged in a multi-year scheme to fraudulently produce a substantial portion &hellip; Continue reading \"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-17T21:06:25+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC28425&amp;sd=2020-12-17","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-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc.","datePublished":"2020-12-17T21:06:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/"},"wordCount":384,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC28425&amp;sd=2020-12-17","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kaplan-fox-investigates-potential-securities-fraud-penumbra-inc\/","name":"Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Penumbra, Inc. - 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