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DXCM CLASS ACTION FILED: Kessler Topaz Meltzer & Check, LLP Reminds Investors - A Securities Fraud Class Action Lawsuit Has Been Filed Against DexCom, Inc.
DexComDexCom(US:DXCM) Prnewswireยท2024-09-29 14:45

Core Points - A securities class action lawsuit has been filed against DexCom, Inc. for alleged misleading statements and failure to disclose critical business challenges during the Class Period from January 8, 2024, to July 25, 2024 [1][2] - The lawsuit claims that DexCom's optimistic communications regarding growth and margins were unfounded, and that the company struggled to maintain successful distribution channels [2] - Investors have until October 21, 2024, to seek appointment as lead plaintiff in the class action, which allows them to represent the interests of all affected investors [3] Allegations Against DexCom - The complaint alleges that DexCom made materially false and misleading statements about its business operations and prospects [2] - Specific claims include that the company's growth expectations were overly optimistic and that it faced difficulties in retaining distribution channels [2] Legal Process for Investors - Investors can choose to become lead plaintiffs or remain absent class members, with the lead plaintiff responsible for directing the litigation [3] - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [3] Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a history of recovering billions for victims of corporate misconduct [5] - The firm encourages affected DexCom investors to contact them for more information [4]