CVRx, Inc. (NASDAQ: CVRX)

This lawsuit is for anyone who acquired securities in CVRx, Inc. (NASDAQ: CVRX) from July 25, 2023 through August 6, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company complied with all applicable laws while causing the submission of false claims to government health insurance programs, offering or paying kickbacks to healthcare providers, and providing false information to government health insurance programs.

On August 6, 2026, CVRx reported second quarter earnings, including that “In May of 2026, [the Company] received a civil investigative demand from the U.S. Department of Justice related to certain sales and marketing practices.” The Company disclosed the Department of Justice demand “requested information and documents regarding an investigation into whether we caused the submission of false claims to government health insurance programs by improperly marketing our device, offering or paying kickbacks to healthcare providers or providing false information to government health insurance programs.” CVRx further lowered its full-year revenue guidance to $58 million–$60 million from $63 million–$67 million, and stated, among other things, the “rapid pace of hiring has strained our onboarding and training processes” and “the scale of the turnover, the slower pace of the territory manager productivity ramp, and the concentration of these new hires in a subset of our regions” necessitated the guidance reset. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in CVRx, Inc. (NASDAQ: CVRX) from July 25, 2023 through August 6, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.