TRUP - Trupanion Inc. (TRUP) Shares Tank After Revealing Material Weakness in Internal Controls - Hagens Berman

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages TRUP Investors Who Suffered Substantial Losses to Contact its Attorneys

SAN FRANCISCO, CA / ACCESSWIRE / February 29, 2024 / Hagens Berman urges Trupanion, Inc. (NASDAQ:TRUP) investors who suffered substantial losses to submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/TRUP

Contact An Attorney Now: TRUP@hbsslaw.com

844-916-0895

Trupanion, Inc. (TRUP) Investigation:

In the past, Trupanion has assured investors by affirming that its "internal control over financial reporting was effective."

The company's statements came into question on Feb. 15, 2024, when Trupanion announced preliminary Q4 and FY 2023 financial results but cautioned investors that its annual audit is not complete. The company revealed that it expects to report two material weaknesses in internal controls, including one pertaining to its Other Business segment, which comprised 35% of the company's Q3 2023 revenues.

This news sent the price of Trupanion shares crashing $12.40 lower on Feb. 16, 2024.

"We're investigating whether Trupanion executives may have known but failed to disclose internal control deficiencies," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Trupanion and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now »

If you'd like more information and answers to frequently asked questions about the Trupanion investigation, read more »

Whistleblowers: Persons with non-public information regarding Trupanion should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email TRUP@hbsslaw.com.

About Hagens Berman

Hagens Berman is a global plaintiffs' rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

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Contact:

Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman