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Anyone who incurred a loss as a result of this misconduct can join the suit: https://zlk.com/pslra-1/treace-medica... Treace Medical Concepts shocked investors when it slashed its revenue guidance due to stiff competition. After learning this news, stunned investors took the scalpel to their Treace shares and Treace’s stock price crashed 63% overnight. Now, those investors have filed a class action to recover their losses. Treace Medical manufactures orthopedic medical devices including Lapiplasty, a bunion surgery kit. In May twenty twenty-three and February twenty twenty-four, Treace boasted about the Company’s great revenue, led by excellent Lapiplasty sales. Treace executives said they weren’t worried about competitor products, because no competitor could match Lapiplasty’s effectiveness. In February twenty twenty-four, Treace issued its revenue guidance of two hundred twenty to two hundred twenty five million dollars for the year, backed by strong Lapiplasty sales. So investors were stunned when, in May twenty twenty-four, Treace executives pulled that guidance and said Lapiplasty sales weren’t going to be so great after all. They blamed stiffer-than-expected competition, especially from knock-off products. Irate investors dumped their shares and Treace’s stock price crashed. Now more investors are joining the lawsuit.