Eargo, Inc.

Fazio v. Eargo, Inc., et al., (Case No. 21-cv-7848), N.D. Cal.

After the markets closed on September 22, 2021, Eargo disclosed that it is the target of a criminal investigation by the U.S. Department of Justice (DOJ) related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans. In light of this information, Eargo also announced it is withdrawing its financial guidance for the fiscal year ending December 31, 2021.

On this news shares of Eargo stock fell over 50% in after-market hours trading.

Lead Plaintiff deadline
December 6, 2021
class period
February 25, 2021
September 22, 2021
Case Documents
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