LOS ANGELES–(BUSINESS WIRE) – Schall Law Firm, a national shareholder rights law firm, announces that it is investigating claims on behalf of investors in STAAR Surgical Company ("STAAR" or "the Company") (NASDAQ: STAA) for violations of securities laws.
The investigation focuses on whether the company has made false and / or misleading statements and / or has failed to disclose information that is relevant to investors. STAAR is the subject of a report by investment analyst J Capital entitled "STARR Surgical, Less Than Meets the Eye". The report claims that the company overstated its sales in China by at least a third, meaning the company's total profit of $ 14 million in 2019 is fake. The report, based on extensive interviews and research, says the company reports fake sales and then marks marketing costs in a scheme to hide "phantom" revenue. Based on this news, STAAR shares fell 6% on August 11, 2020, which hurt investors.
If you are a shareholder who has suffered a loss, click here to participate.
We also recommend that you contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the company's website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class is not yet certified and you will not be represented by a lawyer until certification. If you don't take action, you can remain an absent class member.
Schall law firm represents investors around the world and specializes in class actions and shareholder disputes.
This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.