Establishment Labs Holdings Inc. Investors: Please contact Portnoy

Establishment Labs Holdings Inc. Investors: Please contact Portnoy


investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, Oct. 25, 2022 (GLOBE NEWSWIRE) — ?The law firm of Portnoy advises Establishment Labs Holdings Inc. IS Investors that the law firm has launched an investigation on behalf of investors who lost money on their Establishment Labs stock. Establishment Labs investors are encouraged to do so Contact the company to discuss their legal rights.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: [email protected]to discuss your legal rights, or click here to join the case about Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

The investigation focuses on Establishment Labs’ repeated claims that its breast implants are safer than those of its competitors based on “rigorous science” and “clinical data.”

On October 19, 2022, Establishment Labs’ claims were challenged when analyst Hindenburg Research released a scathing report titled “Establishment Labs: A Financially Stretched Silicon Safety Charade.” Hindenburg accuses the company of misleading investors about safety claims, concluding in part: (1) “Almost all major safety studies touted by the company have undisclosed or underdisclosed conflicts of interest;” (2) “Australian and French authorities raised concerns about the company’s data, with Australian regulators describing the company’s key safety data as “uncontrolled observational studies”;” (3)”[t]The Establishment consultant, who was just hired to support its launch in the US, was sued by the SEC in 2018 for fraudulently lying and then destroying records that obscured regulatory and safety issues with breast implants;” and (4 ) “Records show Establishment supplying products to companies formerly owned by the CEO and his family, raising questions about conflicts of interest.”

In response, Establishment Labs stock closed sharply…

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