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INARI MEDICAL, INC. SHAREHOLDERS HAVE AN OPPORTUNITY TO RECOVER THEIR INVESTMENT LOSSES

Inari Medical, Inc.

Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired Inari Medical, Inc. (“Inari” or the “Company”) (NASDAQ: NARI) common stock between March 10, 2021 and February 28, 2024, inclusive. The lawsuit seeks to recover Inari shareholders’ investment losses.

If you purchased common stock in Inari between March 10, 2021 and February 28, 2024, inclusive, and would like to discuss your legal rights and/or options, please click “Join Class Action” above.

According to the Complaint, Defendants repeatedly touted Inari’s financial results and the success of its product sales, but failed to disclose that these numbers were inflated by bribes and other improper and illegal payments to healthcare providers.

On February 29, 2024, Inari announced that it received a civil investigative demand by the U.S. Department of Justice (“DOJ”) over certain payments to healthcare professionals relating to meals and consulting services.  Inari also warned that “depending on the outcome of the investigation, there may be a material impact on our business, results of operations, or financial condition.”  In response to the disclosure, analysts that closely follow the Company immediately reacted negatively and downgraded the stock.

On this news, Inari’s stock price fell $12.14, or nearly 21%, to close at $46.12 per share on February 29, 2024.

If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

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Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com