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DXCM.US
id: 1318
DexCom (DXCM) Sales Issues Case
S.D. California
Court3:24-cv-01485
Case number01/08/2024
Class period Start07/25/2024
Class period End10/21/2024
Lead Plaintiff motion deadline- $DXCM stockholders filed a claim against DexCom for misleading them about its financial prospects and hiding problems with the salesforce.
- After the financial results on July 25, 2024, $DXCM dropped by over 40%.
- DexCom investors can join this case to be notified about potential recovery.
Case Details:
DexCom promised strong revenue and growth in 2024, saying they would surpass past results and smoothly switch to the new G7 platform.
However, DexCom supposedly hid serious problems with its salesforce, which wasn’t ready for the company’s growth plans.
Then, on July 25, 2024, DexCom revealed poor financial results and cut its revenue forecast, citing missed strategic goals.
After this news, $DXCM fell by over 40% on the next day.
Based on these events, $DXCM investors filed a claim against DexCom, accusing the company of the following:
- DexCom did not reveal that its salesforce was not prepared to handle the company’s growth plans.
Considering all the representations, investors suspect DexCom misled them about its financial prospects and hid problems with the salesforce.
Case Status
Initial Complaint
Alleged Offence
Mismanagement,
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07/26/2024
Filing date
08/21/2024
Lead Plaintiff Deadline
10/21/2024
Judge
Hon. Robert S. Huie