{"id":6632,"date":"2024-10-12T02:41:00","date_gmt":"2024-10-11T19:41:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/11\/2962175\/937\/en\/Kirby-McInerney-LLP-Reminds-Paragon-28-Inc-FNA-Investors-of-Class-Action-Filing-and-Encourages-Investors-to-Contact-the-Firm.html2962175"},"modified":"2024-10-12T02:42:18","modified_gmt":"2024-10-11T19:42:18","slug":"kirby-mcinerney-llp-reminds-paragon-28-inc-fna-investors-of-class-action-filing-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/kirby-mcinerney-llp-reminds-paragon-28-inc-fna-investors-of-class-action-filing-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"Kirby McInerney LLP Reminds Paragon 28, Inc. (FNA) Investors of Class Action Filing and Encourages Investors to Contact the Firm"},"content":{"rendered":"\n<p align=\"justify\">NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HIOx0QgVztMdLN3v1g_XrRK71tPxT0MOqP00jtZItAdRahwY_gZy6D0GGVj89XkUYf0meXl4JAGidFGGztBPnYfGiCHJl9EL8lkLP2z4X44=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Kirby McInerney LLP\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of those who acquired Paragon 28, Inc. (\u201cParagon 28\u201d or the \u201cCompany\u201d) (NYSE: FNA) securities during the period of May 5, 2023 through August 8, 2024, inclusive (\u201cthe Class Period\u201d). Investors have until November 29, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"center\">[<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=A24KiN79sPo5eiSfVnVP_YH6-LHRtTWSW-cr6GCU6rKc79WMknxlj7kJal6oJS9uTXOaVkmKbBLtjTNPqJQHV-NmnLuy2Hizq17kHrwQ09Ntl0fUNPwhd9j9-m2HS9v5hWeVz76kwWeOjW2_tnmHBw7DBEGmv5tl661-5UX7VVE=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Click here to learn more about the class action\">Click here to learn more about the class action<\/a>]<\/p>\n<p align=\"justify\">On July 30, 2024, Paragon 28 filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) a current report on its Form 8-K which stated that the Company\u2019s previously issued consolidated financial statements in its annual report for 2023, in addition to its financial statements for the quarterly periods ended March 31, 2023, June 30, 2023, September 30, 2023, and March 31, 2024, should no longer be relied upon due to accounting errors, and therefore a restatement of these prior financial statements would be required. The accounting errors related to the Company\u2019s inventory, including the calculation of its excess and obsolete inventory, and resulted in \u201can overstatement of inventory as of March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023 and March 31, 2024 and an understatement in cost of goods sold for the respective interim periods ended on such dates and for the fiscal year ended December 31, 2023.\u201d<\/p>\n<p align=\"justify\">On this news, the price of Paragon 28 shares declined by $1.24 per share, or approximately 13.7%, from $9.03 per share on July 30, 2024 to close at $7.79 on July 31, 2024.<\/p>\n<p align=\"justify\">The lawsuit alleges that Paragon 28 made false and\/or misleading statements and\/or failed to disclose that: (1) Paragon 28\u2019s financial statements were misstated and (2) Paragon 28 lacked adequate internal controls and at times understated the extent of the issues with its internal controls.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Paragon 28 securities, have information, or would like to learn more about this investigation, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SGqfe_zWgVUOPJ_sWSeY1mvvej-M11TflawNwijseMusYDBCTrSCaGq2_kptLSxDG8ygFjRguyiorzXaP9J7GCTvuRlpqX8TKH-NfCbXbhe8MgP9on-tbRYBjh8jz6_b\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Thomas W. Elrod\">Thomas W. Elrod<\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HIOx0QgVztMdLN3v1g_XrQDD4IZtmf8d2SkNHEoXf6HL7Q2nQibgJvRBOGC2CehtohNWQlgzNcYga5-Q3QEQEA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Kirby McInerney LLP\">Kirby McInerney LLP<\/a> by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7Cm64dv4WQNjfH0WMLfAKEjH1W0mSiHQsD_zeU-E8p3q7pr2lbZ9f_OiMbRxPzuz-vYsNUfvYei6XbLpvvlKAO8bqOH9qljVRCLHPdWLcqA=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investigations@kmllp.com\">investigations@kmllp.com<\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Nn87_p4hW-XW0_27MvJLkr2xQrj-N6L2kzf2GJGNuQVAkfCwDIQ6SEE9vuHfQ8KpAcy54rf_C21oXf9surYiQrmBydG7v-WBLu9f6JFCpy_yXFrdvOxhPLeL-BPVN_FN\" rel=\"nofollow noopener\" target=\"_blank\" title=\"CONTACT FORM\">CONTACT FORM<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HIOx0QgVztMdLN3v1g_XrVQ3FjiB41vvJIxQRLP0Pa7fAZVtura1ULG7jt5nxAmAnlIHUHSEN76Gl_9nJL5q4Q==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Kirby McInerney LLP\">Kirby McInerney LLP<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QSnKCHyji-S5LSqbUcHy4PcS51mCF6mevRa-8AswFTcc2R9qxVABeHy3ohueZPpJ1OqgRPiBZhTTjdgvwSjfZA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"website\">website<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-699-1180<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w6FokdEZTOAD73YkvYkGSCLWiBJv2O-GnSGaANe4GiKAzO_hIMC-e5oj217xy_1o0_D7rwf0RmLG0fY7bh-kO0aLWO_Xi06jrXczDI4WsqE=\" rel=\"nofollow noopener\" target=\"_blank\" title>https:\/\/www.kmllp.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7Cm64dv4WQNjfH0WMLfAKEjH1W0mSiHQsD_zeU-E8p2PaRozpw-vBdXSHe1eWjYtSUUY732eN6_nIvZFdTbbpJlOkIfimfCiH53pq2vLpu4=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investigations@kmllp.com\">investigations@kmllp.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2I2ZDdiNWItNDZlNC00NWEyLWE4YzYtNmE5MTNhNThlYzk0LTEwMzE5OTc=\/tiny\/Kirby-McInerney-LLP.png\" referrerpolicy=\"no-referrer-when-downgrade\">  <\/p>\n","protected":false},"excerpt":{"rendered":"<p> NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of those who acquired Paragon 28, Inc. (\u201cParagon 28\u201d or the \u201cCompany\u201d) (NYSE: FNA) securities during the period of May 5, 2023 through August 8, 2024, inclusive (\u201cthe Class Period\u201d). Investors have until November 29, 2024 to apply to the Court to be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-6632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kirby McInerney LLP Reminds Paragon 28, Inc. 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(FNA) Investors of Class Action Filing and Encourages Investors to Contact the Firm","og_description":"NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of those who acquired Paragon 28, Inc. (\u201cParagon 28\u201d or the \u201cCompany\u201d) (NYSE: FNA) securities during the period of May 5, 2023 through August 8, 2024, inclusive (\u201cthe Class Period\u201d). Investors have until November 29, 2024 to apply to the Court to be...","og_url":"https:\/\/cryptoinsider.asia\/vi\/kirby-mcinerney-llp-reminds-paragon-28-inc-fna-investors-of-class-action-filing-and-encourages-investors-to-contact-the-firm\/","og_site_name":"Crypto Insider","article_publisher":"https:\/\/www.facebook.com\/yourcryptoinsider","article_published_time":"2024-10-11T19:41:00+00:00","article_modified_time":"2024-10-11T19:42:18+00:00","og_image":[{"url":"https:\/\/ml.globenewswire.com\/media\/Y2I2ZDdiNWItNDZlNC00NWEyLWE4YzYtNmE5MTNhNThlYzk0LTEwMzE5OTc=\/tiny\/Kirby-McInerney-LLP.png","type":"","width":"","height":""}],"author":"Crypto Insider","twitter_card":"summary_large_image","twitter_misc":{"\u0110\u01b0\u1ee3c vi\u1ebft b\u1edfi":"Crypto Insider","\u01af\u1edbc t\u00ednh th\u1eddi gian \u0111\u1ecdc":"2 ph\u00fat"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptoinsider.asia\/vi\/kirby-mcinerney-llp-reminds-paragon-28-inc-fna-investors-of-class-action-filing-and-encourages-investors-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/cryptoinsider.asia\/vi\/kirby-mcinerney-llp-reminds-paragon-28-inc-fna-investors-of-class-action-filing-and-encourages-investors-to-contact-the-firm\/"},"author":{"name":"Crypto Insider","@id":"https:\/\/cryptoinsider.asia\/#\/schema\/person\/e81ca31713268a414ddbed321d3383d6"},"headline":"Kirby McInerney LLP Reminds Paragon 28, Inc. 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