INARI MEDICAL SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC reminds investors with losses over $100,000 of the lead plaintiff filing deadline in the class action lawsuit against Inari Medical, Inc.

NEW ORLEANS, May 24, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partner, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have until July 12, 2024 to file lead plaintiff motions in a class action lawsuit against Inari Medical, Inc. (NasdaqGS: NARI) if they sell the company’s shares between February 24, 2022 And February 28, 2024inclusive (the “Claim Period”). This action is pending in The United States District Court for the Southern District of new York.

What you can do

If you have purchased shares of Inari Medical and would like to discuss your legal rights, the potential impact of this case on you and your right to compensation for your economic loss, you may contact Lewis Kahn, Managing Partner at KSF, toll-free at 1-877-515-1850 or by email ((email protected)), or visit https://www.ksfcounsel.com/cases/nasdaqgs-nari/ to learn more. If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court by July 12, 2024.

About the lawsuit

Inari Medical and certain of its executives are accused of failing to disclose material information during the Class Period, in violation of the federal securities laws.

At February 29, 2024The company announced the receipt of a civil investigative subpoena from the U.S. Department of Justice in connection with an investigation under the federal Anti-Kickback Act and the Civil False Claims Act. The subpoena seeks information and documents primarily related to payments for meals and consulting services to healthcare professionals. The company warned that “depending on the outcome of the investigation, this could have a material impact on our business, results of operations or financial condition.”

Following this news, Inari Medical’s share price fell by over $12 per share or 21% from a closing price of $58.26 per share on February 28, 2024 To $46.12 per share on February 29, 2024 – Extinction of approx. 700 million dollars of market capitalization on a trading day.

The case is Michiana Area Electrical Workers’ Pension Fund, IBEW Local 153 v. Inari Medical, Inc. et al., No. 24-cv-03686.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients, including public institutional investors, hedge funds, asset managers and individual investors, in recovering investment losses from corporate transactions. Fraud or abuse of office by listed companies. KSF has offices in new York, Delaware, California, Louisiana And New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis KahnManaging Partner
(email protected)
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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