Rosen Law Firm Urges Paragon 28 Investors to Act Now

Investigation on Behalf of Paragon 28, Inc. Shareholders

Rosen Law Firm, a prominent name in investor rights, is actively investigating potential securities claims for shareholders of Paragon 28, Inc. (NYSE: FNA). This investigation arises from concerns that Paragon 28 may have issued misleading business information that could negatively impact investors.

Implications for Investors

For investors who have acquired securities of Paragon 28, you might be eligible for compensation under a contingency fee arrangement. This means you can pursue recovery of losses without upfront fees. The Rosen Law Firm is preparing a class action that aims to recover losses incurred by investors, ensuring a collective fight for justice.

Background on the Investigation

On July 30, 2024, following the market's closing bell, Paragon 28 submitted a current report on Form 8-K to the SEC. In this filing, the company indicated that its previous financial statements for the fiscal year ending December 31, 2023, could no longer be trusted due to errors. This revelation has initiated a process requiring the restatement of earlier financial results.

This announcement resulted in a significant drop in Paragon 28's stock price, which fell by $1.24 per share, approximately 13.7%, closing at $7.79 on July 31, 2024. Investors were understandably alarmed by this sudden shift in their investments.

Subsequent Developments

Furthermore, on August 8, 2024, Paragon 28 revealed its financial results for the second quarter of 2024 through a press release. This announcement included a revised revenue forecast for the year, projecting between $249 million and $255 million, a decrease from an earlier estimate of $249 million to $259 million. In conjunction with this disappointing news, the company also declared an operational efficiency strategy involving a 7% staff reduction and adjustments in executive compensation.

These developments led to another notable decline in stock value, with shares plummeting by $1.67, which is around 20.1%, bringing the closing price down to $6.64 on August 9, 2024. Such fluctuations raise serious alarms about the viability of the company's previous filings and forecasts.

Why Choose Rosen Law Firm?

Rosen Law Firm stands out in the realm of investor representation. Their team is comprised of experts in securities class actions and shareholder derivative litigation. Investors are encouraged to choose a firm with a proven track record. Rosen Law Firm has effectively secured the largest settlement against a Chinese company in a securities class action case. Since 2013, they have consistently ranked among the top firms in successfully settling securities class actions, recovering hundreds of millions for investors.

In 2020, founding partner Laurence Rosen was acknowledged as a Titan of Plaintiffs' Bar by law360, showcasing the firm's dedication and effectiveness in advocating for investor rights. Many attorneys within the firm are recognized by prestigious platforms such as Lawdragon and Super Lawyers, reflecting the quality and professionalism of their team.

Get Involved

If you identify as a shareholder of Paragon 28, the firm encourages immediate action. To partake in the prospective class action, you can contact Rosen Law Firm directly or submit necessary information via their online form. The firm’s attorneys are prepared to guide you through this process and address any questions you might have.

Frequently Asked Questions

What is the purpose of the investigation by Rosen Law Firm?

The investigation aims to uncover potential securities claims against Paragon 28, Inc. regarding misleading information that may have affected investors.

How can I participate in the class action?

Investors can join the class action by reaching out to Rosen Law Firm via their website or by calling their offices directly.

What were the major developments affecting Paragon 28?

Major developments include the filing of a Form 8-K leading to restatements of financial statements and revised revenue guidance amid a notable drop in stock prices.

What is a contingency fee arrangement?

A contingency fee arrangement means you do not pay upfront costs; instead, fees are taken from any settlement or recovery obtained on your behalf.

Why is it important to choose an experienced law firm?

Selecting a qualified law firm increases the likelihood of successful recovery, as experienced firms have the necessary resources and proven track records.

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