Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
ESTA.US
On October 19, 2022, Establishment Labs Holdings Inc. (ESTA) stocks tumbled 21.7% in premarket, after short-seller Hindenburg Research alleged that it found most safety studies of the company's products have "conflicts of interest," and that many patient testimonials and multiple lawsuits dispute the company's claims of safety and satisfaction.

Hindenburg, among other things, also stated:
  • the RFID chips embedded in the Company's implants were originally intended for pets and were "improperly marketed" for medical use.
  • Australian and French authorities expressed concerns with the company’s data, with Australian regulators calling the company’s main safety data “observational uncontrolled studies”.
  • The FDA, which holds the keys to the company’s expansion plans in the U.S., presented an existential risk to the industry a month ago, issuing a new warning on ALL implants in response to women who have been getting mysteriously sick after augmentations.
Given the seriousness of the allegations and the reaction of the market, the Company's shareholders have every reason to suspect that their rights have been significantly violated either by the Company or by the regulator or research entity.


Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Fraud
Failure to Disclose
Price manipulation
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Influencer
Government Authority
Service Provider
Research Entity
Security Type
Stocks
Trade Direction
Long
Shock Event Date
19 October 2022
Collecting participants…
Created by Stan Vick, Scout

Establishment Labs Holdings Inc

Establishment Labs Holdings Inc., a medical technology company, manufactures and markets medical devices for aesthetic and reconstructive plastic surgery. The company primarily offers silicone gel-...

    Ticker
    ESTA.US
    ISIN
    VGG312491084
    CIK
    1688757
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    Building B15 and 25, Alajuela, Costa Rica