Eargo gains on agreement to resolve DoJ investigation

Eargo

29/04/2022 22:49

** Shares of hearing aid maker  EAR.O  up 6% at $4.01 in
extended trading
    ** To pay about $34.4 mln as part of agreement to resolve
previously disclosed DoJ investigation with no admission of
liability  urn:newsml:reuters.com:*:nGNX2FzbPq
    ** Investigated over insurance reimbursement claims
submitted by EAR on behalf of customers covered by Federal
employee health plans  urn:newsml:reuters.com:*:nL4N2QO3M6
    ** Denies the allegations in the agreement
    ** As of last close, stock down ~26% this year

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))