Press release
Investigation announced for Long-Term Investors in shares of Tandem Diabetes Care, Inc. (NASDAQ: TNDM) over potential Wrongdoing
An investigation on behalf of current long term investors in Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares.
Investors who are current long term investors in Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: TNDM stocks follows a lawsuit filed against Tandem Diabetes Care, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TNDM stocks, concerns whether certain Tandem Diabetes Care, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that: Tandem Diabetes misled investors by creating the false impression that the impact of competitors' products was minimal or less than expected, that Tandem Diabetes' forecasting processes failed to adequately account for the potential impact of the release of Omnipod 5, a competing product, and the impact of that product on Tandem Diabetes' revenue, and that Tandem Diabetes created the false impression that the factors which led to decreased sales guidance in August 2022 - competition, the COVID-19 pandemic, and inflation - had been adequately controlled for and were, in fact, improving.
Those who purchased shares of Tandem Diabetes Care, Inc. (NASDAQ: TNDM) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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