Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential claims against DexCom, Inc. (DXCM) regarding alleged misrepresentations made to investors. The firm believes that DexCom may have provided misleading information about its salesforce’s capabilities and its ability to achieve projected growth.
Specifically, the investigation focuses on DexCom’s alleged failure to disclose the true state of its salesforce. Faruqi & Faruqi contends that DexCom’s salesforce was not adequately equipped to execute on the company’s perceived growth potential, and that this information was not shared with investors. This alleged concealment, according to the firm, led investors to purchase DexCom securities at artificially inflated prices.
The investigation stems from a significant drop in DexCom’s stock price on July 26, 2024. This decline followed DexCom’s announcement of reduced revenue guidance for the full fiscal year 2024. The company attributed the lowered guidance to the underperformance of “several key strategic initiatives” that “did not meet [their] high standards.”
Investors who suffered losses exceeding $100,000 in DexCom between January 8, 2024, and July 25, 2024, are encouraged to contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
The firm is also seeking a lead plaintiff in a federal securities class action lawsuit filed against DexCom. The deadline for investors to seek this role is October 21, 2024. The lead plaintiff, typically the investor with the largest financial interest in the case, will oversee the litigation on behalf of the class.
Faruqi & Faruqi encourages anyone with information about DexCom’s conduct, including whistleblowers, former employees, and other shareholders, to contact the firm.
For more information about the DexCom class action, visit www.faruqilaw.com/DXCM.
Faruqi & Faruqi, LLP has offices in New York, Pennsylvania, California, and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995.
