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LOS ANGELES, Sept. 24, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of electroCore, Inc. (“electroCore” or “the Company”) (NASDAQ: ECOR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. electroCore completed its initial public offering (“IPO”) in June 2018, selling 5.2 million shares of common stock at $15.00 per share. The Company announced underwhelming financial results for the first quarter of 2019 on May 14, 2019. Based on these results, shares of electroCore fell by 30% the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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