#United States #New York #Paragon 28 #Securities Fraud #LLC #FNA

Paragon 28, Inc. Faces Class Action Lawsuit

In a significant turn of events, Paragon 28, Inc., trading under the NYSE symbol FNA, is currently facing a class action lawsuit led by Levi & Korsinsky, LLP. This legal action has been launched to address the alleged securities fraud that has negatively impacted its investors.

Overview of the Class Action Lawsuit

The heart of the lawsuit, which is gaining traction, revolves around claims of financial misrepresentations made by Paragon 28, Inc. between May 5, 2023, and September 20, 2024. Shareholders who believe they have suffered financial losses during this timeframe are encouraged to come forward. The class action aims to recover these losses on behalf of the affected investors.

Details of the Allegations

According to the complaint, the allegations include the assertion that Paragon 28's financial statements were not just inaccurately reported but were deliberately misstated. Furthermore, it is claimed that the company lacked adequate internal controls, which led to an understatement of the issues within its operational framework. Because of these serious breaches, statements regarding the company's business operations and future prospects are alleged to have been materially misleading.

Next Steps for Affected Investors

Investors who have faced financial setbacks due to their involvement with Paragon 28 are given a crucial opportunity. They have until November 29, 2024, to request that the court appoint them as lead plaintiffs in this case. While serving as a lead plaintiff could offer a more significant voice in the proceedings, it is important to note that participation in the recovery process does not require this designation.

No Financial Burden on Claimants

Levi & Korsinsky reassures potential class members that joining the lawsuit will not incur any out-of-pocket expenses. It operates on a contingency fee basis, meaning investors can seek restitution without having to worry about upfront costs or financial risks.

Experience of Levi & Korsinsky

The firm spearheading this class action, Levi & Korsinsky, boasts an impressive track record. With over 20 years of experience in securities litigation, it has successfully secured substantial amounts for shareholders across various high-stakes cases. For seven consecutive years, Levi & Korsinsky has been recognized as one of the top securities litigation firms in the US by ISS Securities Class Action Services.

How to Get Involved

Investors who believe they may qualify for participation in this class action are invited to reach out to the firm directly. Interested parties can complete a submission form via the firm’s website or contact them through phone or email.

This opportunity is not just about seeking compensation; it’s also about holding corporations accountable for their actions.

Contact Information

Learn more about the lawsuit, and whether you may be eligible for compensation by contacting:

• - Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: Levi & Korsinsky, LLP, 33 Whitehall Street, 17th Floor, New York, NY 10004

For all investors involved with Paragon 28, this is a critical moment to reassess their rights and consider the legal avenue for addressing potential grievances stemming from alleged corporate misconduct.