Eargo (EAR) was informed that it is the target of a criminal investigation by DOJ
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Eargo (EAR) Stock is Down 56% in After Hours. Here's Why
September 23, 2021 5:27 AM EDTEargo (NASDAQ: EAR) stock is down over 55% in pre-open Thursday after the company announced it is a subject of the DOJ investigation.
A criminal investigation was opened by the DOJ connected to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans, the company said.
As previously disclosed, the Company has been the subject of an ongoing claims audit by an insurance company that is the... More
