We are investigating iRhythm Technologies, Inc. (IRTC) (“iRhythm” or the “Company”) for potential violations of the federal securities laws.
On November 13, 2019, iRhythm filed a Notification of Late Filing with the U.S. Securities and Exchange Commission, stating that “[a]s part of the Company’s efforts to remediate its previously disclosed material weaknesses, the Company identified errors affecting prior periods in the course of preparing the Form 10-Q that require further analysis.” iRhythm further advised investors that “[t]hese errors may result in the correction of previously issued annual and quarterly financial statements” and “the error evaluation will include the assessment of any additional control deficiencies.” On this news, iRhythm’s stock price fell sharply during intraday trading on November 13, 2019.