NASDAQ:OBLN Shareholder Notice: Investigation over Possible Securities Laws Violations by Obalon Therapeutics Inc

By , in PR PR California on .

San Diego, CA — 02/06/2018 — Obalon Therapeutics Inc is under investigation over potential securities laws violations in connection with certain financial statements made by Obalon Therapeutics Inc. The investigation was announced for investors in NASDAQ:OBLN shares.

Investors who purchased shares of Obalon Therapeutics Inc (NASDAQ:OBLN), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Obalon Therapeutics Inc (NASDAQ:OBLN) concerning whether certain statements by Obalon Therapeutics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 23, 2018, Obalon Therapeutics Inc announced that it was canceling its previously announced public offering after its auditor, KPMG LLP, received a complaint from a “purported whistleblower” alleging “improper revenue recognition” during Q4 2017. Shares of Obalon Therapeutics Inc (NASDAQ:OBLN) declined to as low as $3.52 per share on January 24, 2018.

On February 5, 2018, NASDAQ:OBLN shares closed at $3.96 per share.

Those who purchased shares of Obalon Therapeutics Inc (NASDAQ:OBLN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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