According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Paragon 28 understated its Adjusted EBITDA losses, required provisions for excess and obsolete inventory, cost of goods sold, operating loss;
- Paragon 28 overstated its net inventories and gross profit;
- Paragon 28 lacked adequate disclosure controls and procedures and internal control over financial reporting
- Paragon 28 would be required to restate its financial statements to conform with generally accepted accounting principles; and;
- as a result, defendants’ statements about Paragon 28’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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