PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Paragon 28, Inc. ("Paragon 28" or the "Company") (NYSE: FNA) on behalf of purchasers of Paragon 28 securities between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"). Investors that suffered losses from PARAGON 28 (NYSE: FNA) investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsu ...

LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming November 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Paragon 28, Inc. ("Paragon" or the "Company") (NYSE: FNA) common stock between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"). If you suffered a loss on your Paragon investments or would like to inquire about potentially pursuing claim ...

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Paragon 28, Inc. ("Paragon 28" or "the Company") (NYSE: FNA) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Paragon 28 ...

NEW YORK, Oct. 3, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of common stock of Paragon 28, Inc. (NYSE: FNA) between May 5, 2023 and August 8, 2024, both dates inclusive (the "Class Period") and those who purchased Paragon 28 call options or sold put options during the Class Period. A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than Novembe ...

LOS ANGELES, Oct. 2, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Paragon 28, Inc. ("Paragon 28" or "the Company") (NYSE: FNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"), are enc ...

NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of all persons or entities who purchased or otherwise acquired Paragon 28, Inc. ("Paragon 28" or the "Company") (NYSE: FNA) securities between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal securities la ...

NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the "Class") who purchased or acquired the common stock, and/or purchased call options or sold put options, of Paragon 28, Inc. ("Paragon 28" or the "Company") (NYSE: FNA) between May 5, 2023 and August 8, 2024, inclusive (the "Class Period"). For more information, submit a form at Paragon 28, Inc. Shareholder Class Action Lawsuit, email Investor ...

Company Performance and Financial Issues - Paragon 28 Inc experienced a sharp 22% decline in its share price on August 9, erasing hundreds of millions of dollars in shareholder value [1] - The company revised its full-year revenue forecast to $249 million to $255 million, down from the previous range of $249 million to $259 million [2] - Paragon 28 is implementing cost-cutting measures, including laying off approximately 7% of its workforce, reducing inventory, and adjusting executive compensation [2] - The company revealed accounting irregularities, with material weaknesses in internal controls and significant accounting errors, including a 19% understatement of cost of goods sold, leading to a 22% overstatement of operating loss and a 20% overstatement of net loss [4] - The stock has fallen over 56% in the past year, raising concerns about the company's financial health [5] Leadership Changes and Investigation - Kristina Wright, interim CFO since April, was replaced by Chadi Chanine, formerly of Zimmer Biomet Holdings [3] - CFO Stephen Deitsch's abrupt resignation on April 4, 2023, indicated potential issues with the company's financial reporting [3] - Hagens Berman, a shareholder rights firm, is investigating potential violations of U.S. securities laws, focusing on the connection between Paragon 28's poor outlook and past improper accounting [5] Industry and Legal Context - Hagens Berman, a global plaintiffs' rights litigation firm, has secured over $2.9 billion in cases related to corporate accountability [7] - The firm is encouraging investors with substantial losses or individuals with knowledge to assist in the investigation, with potential rewards for whistleblowers under the SEC Whistleblower program [6]

Company Developments - Paragon 28, Inc. has launched the SMART28 Case Management Portal, which utilizes AI to enhance surgical planning for foot and ankle treatments [1][2][3] - The SMART Bun-Yo-Matic device, designed for bunion correction, is the first module integrated with the SMART28 Case Management Portal, allowing 3D visualization of foot anatomy from X-ray images [1][4][5] - The SMART Bun-Yo-Matic device incorporates AI-driven algorithms for personalized preoperative planning and intraoperative control [5][6] - In March 2024, the company introduced the Grappler R3INFORCE Extraosseous Repair System for ankle ligament stability during fibula fracture repairs [9] - Earlier product launches include the PRECISION MIS Bunion system and the FJ2000 Power Console, aimed at minimally invasive surgical techniques [11] Industry Insights - The global foot and ankle devices market was valued at $4.73 billion in 2023 and is projected to reach $9.32 billion by 2033, growing at a CAGR of 7.02% [7] - Key growth drivers include increased awareness of foot and ankle health, sports injuries, an aging population, chronic disease prevalence, and technological advancements [7] - The trend towards minimally invasive surgical procedures is also contributing to market expansion [7] Market Position - Paragon 28 is strategically positioned to benefit from the recent launches of the SMART28 Case Management Portal and the SMART Bun-Yo-Matic device, aligning with industry growth trends [8]

SAN FRANCISCO, Aug. 11, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Paragon 28, Inc. (NYSE: FNA) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/FNA Contact the Firm Now: FNA@hbsslaw.com 844-916-0895 Paragon 28, Inc. (FNA) Investigation: Paragon 28 Inc. suffered a sharp decline in its share price on August 9 after lowering its re ...