Investor Alert: Paragon 28 Class Action Looming Deadline Approaching

  • Investors reminded of deadline to file lead plaintiff motion in class action lawsuit against Paragon 28, Inc.
  • Paragon’s stock price fell after disclosing financial statement errors and material weaknesses in internal control over financial reporting
  • Law Offices of Howard G. Smith encourages investors to contact them for legal rights discussion

The Law Offices of Howard G. Smith remind investors of the approaching November 29, 2024 deadline to file a lead plaintiff motion in the class action lawsuit against Paragon 28, Inc. (FNA). The lawsuit alleges that the company’s financial statements were misstated and it lacked adequate internal controls. Investors who purchased Paragon common stock between May 5, 2023 and August 8, 2024 may be eligible for legal action. Contact Law Offices of Howard G. Smith for more information.

Factuality Level: 8
Factuality Justification: The article provides accurate information about a class action lawsuit against Paragon 28, Inc., including details of financial misstatements and internal control issues. It also includes relevant dates and contact information for potential investors to seek legal advice or join the class action. However, it is primarily focused on promoting the services of Law Offices of Howard G. Smith, which may be seen as a conflict of interest.
Noise Level: 8
Noise Justification: The article is primarily focused on promoting a legal case and encouraging investors to contact the law firm for potential involvement in a class action lawsuit. It provides little valuable information or analysis beyond the specific details of the financial misreporting incident.
Public Companies: Paragon 28, Inc. (FNA)
Key People: Howard G. Smith (Esquire)

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Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses financial topics such as financial statements, internal control over financial reporting, cost of goods sold, net inventories, and stock prices. It also mentions the impact on Paragon’s stock price after the disclosure of financial issues, which affects the financial markets and the company itself.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses a financial crisis related to a company’s stock price drop due to misstated financial statements and internal control issues, but it is not an extreme event in the sense of this criteria.
Move Size: The market move size mentioned in this article is a 13.7% decrease in stock price after the announcement on July 30, 2024 and a 20.1% decrease in stock price on August 8, 2024.
Sector: Technology
Direction: Down
Magnitude: Large
Affected Instruments: Stocks

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