RADNOR, Pa., June 27, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Restoration Robotics, Inc. (NASDAQ: HAIR ) (“Restoration Robotics” or the “Company”) on behalf of investors who purchased the Company’s common stock pursuant and/or traceable to Restoration Robotics’ initial public offering (“IPO”) of stock on or after October 12, 2017.
IMPORTANT DEADLINE ALERT: Investors who purchased Restoration Robotics’ common stock may, no later than August 21, 2018 , seek to be appointed as a lead plaintiff representative of the investor class. Investors are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their important legal rights and options with respect to this action. Investors may also submit their information to the firm online at http://kaskelalaw.com/case/restoration-robotics-inc/ .
On or about October 12, 2017, Restoration Robotics commenced its IPO of common stock, selling over 3.75 million shares of stock to investors at $7.00 per share.
The shareholder class action complaint alleges that the Company negligently issued untrue statements of material facts to investors in connection with its IPO, including statements concerning certain product applications, and important information about the Company’s salesforce. On the day the shareholder complaint was filed, shares of the Company’s common stock closed at less than $3.50 per share – a cumulative decline in value of over 50% from the time of the IPO.
Restoration Robotics investors have important legal options and are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss those options and their legal rights with respect to this action. Investors may also visit http://kaskelalaw.com/case/restoration-robotics-inc/ for additional information about this action or to submit their information to the firm.
Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .
CONTACT:
KASKELA LAW LLC David Seamus Kaskela, Esq. 201 King of Prussia Road Suite 650 Radnor, PA 19087 (484) 258 – 1585 (888) 715 – 1740 www.kaskelalaw.com skaskela@kaskelalaw.com
