{"id":449819,"date":"2021-03-03T11:33:12","date_gmt":"2021-03-03T16:33:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449819"},"modified":"2021-03-03T11:33:12","modified_gmt":"2021-03-03T16:33:12","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">LOS ANGELES, March  03, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S467M2LMmbdy0bcjfokwkTJqgnE-LXi0vXhdmxKZ0ccDJMQrgC0rgEGrt0hWkit_O3PlLYLzl3TT-CjZxk0CSe92PHjsGT2l5cNJpSNVBew=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>April 2, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired iRhythm Technologies, Inc. (\u201ciRhythm\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Mgis3HSZGs608XuQraWSGRy39pa91V0ZDoIunlAhMzuji-6kWfvFZFKERDuo3i6VQ50ZpBfIXW5OXz94HO7zow==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>IRTC<\/u><\/a>) common stock between <strong>August 4, 2020 and January 28, 2021<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"left\">If you suffered a loss on your iRhythm investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CMxrKlQZNMRl6b2eaLhHhTjaDtJHdpSDui42HbyUyjLRJgmsvanYknnwZqxY1iJkSstleC0dMr6mUV4KXAhHxn5GR1It1TTkO9kJ2YCMo_apP85Kg6ByXpUN4uWDhNXrrOrmQ63ikHlIK2mk5Xur0kBWRouUbTi-_14gercDvEZDft8TR-zpVu_kKfnx5ZAj\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/irhythm-technologies-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cKRkOfYgbgeAhewCtDXfMx3BFL8cSJiswoO3872Hyf9bYX-vphHUpKg4NCfzzg-I1N0rJxnOd7hbaQBoSoUPmCH5nII0r9oJCpP-Q2VXJTjRqvQNOVhwh3YXhs1RAFj0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p align=\"left\">On December 1, 2020, the Centers for Medicare and Medicaid Services (\u201cCMS\u201d) issued its final rule, which finalized reimbursement codes but did not provide national pricing for certain products and services offered by iRhythm.<\/p>\n<p align=\"left\">On this news, the Company\u2019s stock price opened at $183.00 on December 2, 2020, down from the December 1, 2020 close of $240.64, thereby injuring investors.<\/p>\n<p align=\"left\">On January 29, 2021, Medicare Administrative Contractor Novitas Solutions published actual reimbursement rates under the CMS\u2019s 2021 Medicare Physician Fee Schedule. A research analyst from Baird indicated that these are &#8220;way lower\u201d than former codes, citing one example where iRhythm was previously reimbursed around $311, but was now receiving just $42.68.<\/p>\n<p align=\"left\">On this news, the Company\u2019s stock price fell $82.58, or 32.90%, to close at $168.42 per share on January 29, 2021, thereby injuring investors further.<\/p>\n<p align=\"left\">The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) iRhythm\u2019s business would suffer as a result of the CMS\u2019 rulemaking; (2) reimbursement rates would in fact plummet; (3) a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Company\u2019s business; and (4) as a result, Defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p align=\"left\">Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zoSJX4cR7x31GbQ2fzLbF0LpEvzS2YnD4-CGKMrw8U7BBBVlElLfnDOba35deWmAx9z587c_smisl1dl5t7sQy8T9sl4o00DnJcibwVI2yC-HcfamqxWRatnrDR8tFf9\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p8U4J4QG2LKgwlf3DdjdmCjk5pk-wJlXuPZXmhOuOvYiAbB-cZBWfdO-5kV36hTs7kBLBXKs4krWBULlAkEbjA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Td2e7PFYh4T2K4LoZkpB8wK-7U5m64PbO-s_G9ICqTpuTqwdArrSBabS3-78hJJd3mWe0eUgcDT9rj7U3BEPsplbnYoyQr5db3lNPw9l8Hg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p align=\"left\">If you purchased or otherwise acquired iRhythm common stock during the Class Period, you may move the Court no later than\u00a0<strong>April 2, 2021<\/strong> to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cKRkOfYgbgeAhewCtDXfMx3BFL8cSJiswoO3872Hyf8IpNTQhUyjzyi5TxdZO5YG-jA4VMZ8zGNeSz3Ti-mm6KLKtTXKa7uhTsF9QQoS9wVcDl3O3jFgEJwQLFqv3ajk\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uAOeN8gAMpUpOl-ZtGrvfGkaw99sXj3BQLVrNmEYOwqo2a43ds3IHi9G6HBgbBoBjbPzuWttjdriyLjFB93n4Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p align=\"left\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"left\">\n        <strong>Contacts <\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles <br \/>Charles Linehan, 310-201-9150 or 888-773-9224 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cKRkOfYgbgeAhewCtDXfMx3BFL8cSJiswoO3872Hyf-h353l1BoBd250rO0YgZ-4cjXkVXWvzlLIKPMPrEkXNBKOeAaMi_hoQHOceigl8zO-zcCTVEEQBRwVSguKY9aX\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uAOeN8gAMpUpOl-ZtGrvfP_OwaLLO2gmdiLM9uByjESxfQ4J-rS70Sa-46Z3Qeb_odIMlO70i-nI7XUtgZePhC0_p6W9SRhKHt_oItoUKd0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzE4NyM0MDQ1MTMyIzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ec99ca27-15c8-4e00-b2da-0d29905d7955\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 2, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired iRhythm Technologies, Inc. (\u201ciRhythm\u201d or the \u201cCompany\u201d) (NASDAQ: IRTC) common stock between August 4, 2020 and January 28, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your iRhythm investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/irhythm-technologies-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC)&#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-449819","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>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC) - 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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, March 03, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0April 2, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired iRhythm Technologies, Inc. (\u201ciRhythm\u201d or the \u201cCompany\u201d) (NASDAQ: IRTC) common stock between August 4, 2020 and January 28, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your iRhythm investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/irhythm-technologies-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. 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(\u201ciRhythm\u201d or the \u201cCompany\u201d) (NASDAQ: IRTC) common stock between August 4, 2020 and January 28, 2021, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your iRhythm investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/irhythm-technologies-inc\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. (IRTC)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T16:33:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4MzE4NyM0MDQ1MTMyIzIwMTcyOTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-irhythm-technologies-inc-irtc-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRhythm Technologies, Inc. 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