XENT Alert: Johnson Fistel Continues Investigation of Intersect ENT, Inc.; Should Management be Held Accountable for Investors Losses?
Intersect ENT, Inc. (XENT)
Last intersect ent, inc. earnings: 2/24 07:00 am
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US:NASDAQ Investor Relations:
ir.intersectent.com/investor-relations
Company Research
Source: PR Newswire
SAN DIEGO, March 1, 2020 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of Intersect ENT, Inc. (NASDAQ: XENT) ("Intersect" or the "Company") against certain of its officers and directors. Specifically, a class action lawsuit was filed in federal court earlier this year against the Company on behalf of purchasers of the securities of Intersect from August 1, 2018 and May 6, 2019, (the "Class Period"). According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Intersect lacked adequate reimbursement representatives to ensure physicians had access to SINUVA, Intersect's sinus implant; (2) Intersect's sales force would focus on ensuring reimbursement; (3) Intersect's sales representatives were less focused on driving sales; (4) physicians were less likely to adopt Intersect's SINUVA due to transaction costs associated with seeking reimbursement; (5) Intersect would increase s
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