Eargo finalizes agreement with the united states to resolve investigation with no admission of liability

San jose, calif., april 29, 2022 (globe newswire) -- eargo, inc. (nasdaq: ear) (“eargo” or the “company”) has entered into a civil settlement agreement with the united states to resolve the previously disclosed investigation by the u.s. department of justice (the “doj”) related to insurance reimbursement claims submitted to various federal employee health plans under the federal employee health benefits (“fehb”) program. eargo fully cooperated with the doj's investigation, the resolution of which allows the company to continue to move forward with its core mission of improving the quality of life of people with hearing loss.
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