SAN DIEGO-Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving DexCom, Inc. (NASDAQ: DXCM) focused on whether DexCom and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
“cited a drop in new customers, lower revenue per patient and higher-than-expected rebates for its decision to cut as much as $350 million from its revenue forecast.”
If you have information that could assist in this investigation or if you are a DexCom investor who suffered a loss and would like to learn more, you can provide your information here:
https://www.rgrdlaw.com/cases-dexcom-inc-investigation-dxcm.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
THE COMPANY: Headquartered in San Diego,DexCom manufactures and distributes glucose monitoring systems used in treating diabetes.
THE REVELATION: On July 25, 2024, DexCom reported second quarter 2024 financial results, missing revenue estimates and lowering its guidance. As Bloomberg reported, DexCom “cited a drop in new customers, lower revenue per patient and higher-than-expected rebates for its decision to cut as much as $350 million from its revenue forecast.” On this news, the price of DexCom stock fell approximately 40%.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
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Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
