RADNOR, Pa., Aug. 21, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Restoration Robotics, Inc. HAIR ("Restoration Robotics" or the "Company") on behalf of investors who purchased the Company's common stock on or after October 12, 2017.
FINAL DEADLINE ALERT: Investors who purchased Restoration Robotics' common stock on or after October 12, 2017 and sustained an investment loss may, no later than August 21, 2018, apply to be appointed as a lead plaintiff representative of the class. Current and former stockholders who seek to take a proactive role in this action are encouraged to immediately contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 or skaskela@kaskelalaw.com, or visit http://kaskelalaw.com/case/restoration-robotics-inc/.
On or about October 12, 2017, Restoration Robotics commenced its initial public offering ("IPO") of common stock, selling over 3.75 million shares of stock to investors at $7.00 per share.
The shareholder class action complaint alleges that the Company negligently issued untrue statements of material fact to investors in connection with its IPO, including statements concerning certain product applications and important information about the Company's salesforce.
Restoration Robotics' common stock currently trades at less than $2.00 per share – a cumulative decline in value of over 70% from the time the common stock was initially sold to investors in October 2017.
About Kaskela Law LLC: Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about the firm please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
skaskela@kaskelalaw.com
www.kaskelalaw.com
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