#United States #New York #Class Action #Paragon 28 #Inc. #Securities Fraud

Levi & Korsinsky's Class Action Filing for Paragon 28, Inc.

Levi & Korsinsky, LLP, a prominent law firm, has recently filed a class action securities lawsuit aimed at protecting the interests of shareholders in Paragon 28, Inc. (NYSE: FNA). This lawsuit was filed on December 2, 2024, in response to alleged securities fraud that occurred between May 5, 2023, and September 20, 2024. The firm is actively notifying investors about their rights and the opportunity to seek restitution for their losses.

Overview of the Class Action

The class action lawsuit is intended to recover damages for those shareholders who experienced significant financial losses due to the alleged fraud. The claims center around reports that Paragon 28's financial statements were not just inaccurate, but misleading. The lawsuit alleges that the company's internal controls were lacking, which led to a failure to report the true nature of financial matters adequately.

The fundamental claims against the company include that:
1. Paragon 28's financial disclosures were misstated.
2. The company did not maintain adequate internal controls, resulting in inconsistencies concerning the reliability of its reports.
3. As a result of these issues, Paragon's public statements regarding its operations and future prospects were false and lacked a reasonable factual basis.

Next Steps for Investors

Investors affected by these circumstances have until November 29, 2024, to file a request with the court to be appointed as lead plaintiffs in the class action. However, it's important to note that participating in the lawsuit does not require one to serve in this role. If they qualify, investors may receive compensation without incurring out-of-pocket expenses, thus making this a risk-free opportunity to reclaim some losses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky is renowned for its dedication to shareholder protection and vast experience in addressing complex securities litigation. The firm boasts a history of successfully obtaining hundreds of millions of dollars for aggrieved investors over the past two decades. With a robust team of more than 70 specialists, they have consistently ranked among the top securities litigation firms, recognized by ISS Securities Class Action Services.

How to Get Involved

If you have suffered financial losses from your investment in Paragon 28, Inc., consider reaching out to Levi & Korsinsky for more information on how to join the class action.

For further discussions, interested investors can contact Joseph E. Levi, Esq. via email at [email protected] or by calling (212) 363-7500. Additional details regarding filing and participation can also be found through the law firm's online resources.

In conclusion, this class action represents a vital opportunity for shareholders who feel impacted by the alleged fraudulent activities of Paragon 28, Inc. to seek justice. Given the complexities and specific timelines involved, it's advised that investors act promptly to secure their rights and potential recoveries.