Establishment Labs Holdings Inc.
|Company Name||Establishment Labs Holdings Inc.|
On April 10, 2019, Seeking Alpha published an article, alleging in relation to the Company’s accounting, “near-zero product return allowance, extremely high levels of inventory, several going concern clauses, a peripatetic CEO and a physically detached CFO.” In addition to these claims, the article also alleged that the Company provided inaccurate information to both the SEC and investors.
On this news, the Company’s share price fell $2.34, nearly 9%, to close at $21.17 on April 11, 2019, thereby injuring investors.
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