NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Progyny, Inc. (âProgynyâ or âthe Companyâ) ( PGNY). Investors who purchased Progyny securities are encouraged to obtain additional information and assist the investigation by visiting the firmâs site: bgandg.com/PGNY.
Investigation Details
On September 18, 2024, Progyny disclosed in a filing with the U.S. Securities and Exchange Commission that the Company âwas recently notified by a significant client (the âClientâ) that the Client has elected to exercise a 90-day option to terminate its services agreement with the Company, effective as of January 1, 2025.â On September 19, 2024, JMP Securities downgraded Progyny to Market Perform from Outperform, stating that âthe loss of [Progynyâs] largest client causes us to appropriately contemplate the potential for lower retention rates going forward.â On this news, Progynyâs stock price fell sharply during intraday trading on September 19, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Progyny securities, you can assist this investigation by visiting the firmâs site: bgandg.com/PGNY. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneysâ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]