News

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages CareDx, Inc. Investors with Losses Exceeding $100K to Inquire About Securities Class Action Investigation CDNA

WHY: New York, NY – (NewMediaWire) – January 25, 2022 – Rosen Law Firm, a global investor

rights law firm, continues to investigate potential securities claims on behalf

of shareholders of CareDx, Inc. (NASDAQ: CDNA) resulting from allegations that CareDx may have issued materially misleading

business information to the investing public.

SO WHAT: If you purchased CareDx securities you may be entitled to

compensation without payment of any out of pocket fees or costs through a

contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking

recovery of investor losses.

WHAT TO DO

NEXT: To join the

prospective class action, go to http://www.rosenlegal.com/cases-register-2197.html
or call Phillip Kim, Esq.

toll-free at 866-767-3653 or email pkim@rosenlegal.com

or cases@rosenlegal.com for

information on the class action.

WHAT IS THIS

ABOUT: On January 25, 2021, CareDx sold 1,923,077 shares of its common stock through

an underwritten public offering at a public offering price of $91.00 per share.

Then October 28,

2021, after the market closed, CareDx released third quarter 2021 financial

results in which the Company disclosed that the U.S. Department of Justice

(“DOJ”) served a civil investigatory demand requesting documents in connection

with a False Claims Act investigation. The DOJ is investigating business

practices related to CareDx’s kidney testing and phlebotomy services. The

Company also disclosed that it received a subpoena from the U.S. Securities and

Exchange Commission (“SEC”) for similar issues, as well as certain accounting

and public reporting practices, and the Company received an information request

from an unnamed state agency.

On this news, the

Company’s share price declined by $19.34 per share, or 27%, to close at $51.00

per share on October 29, 2021.

WHY ROSEN LAW: We

encourage investors to select qualified counsel with a track record of success

in leadership roles. Often, firms issuing notices do not have comparable

experience, resources, or any meaningful peer recognition. Many of these firms

do not actually litigate securities class actions.  Be wise in selecting counsel. The Rosen Law

Firm represents investors throughout the globe, concentrating its practice in

securities class actions and shareholder derivative litigation. Rosen Law Firm

has achieved the largest ever securities class action settlement against a

Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action

Services for number of securities class action settlements in 2017. The firm

has been ranked in the top 4 each year since 2013 and has recovered hundreds of

millions of dollars for investors. In 2019 alone the firm secured over $438

million for investors. In 2020, founding partner Laurence Rosen was named by

law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been

recognized by Lawdragon and Super Lawyers.

Follow us for updates on

LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm,

on Twitter: https://twitter.com/rosen_firm

or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior

results do not guarantee a similar outcome.

——————————-

Contact

Information:

      Laurence Rosen, Esq.

      Phillip Kim, Esq.

      The Rosen Law Firm, P.A.

      275 Madison Avenue, 40th Floor

      New York, NY 10016

      Tel: (212) 686-1060

      Toll Free: (866) 767-3653

      Fax: (212) 202-3827

      lrosen@rosenlegal.com
      pkim@rosenlegal.com

      cases@rosenlegal.com
      www.rosenlegal.com

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The post ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages CareDx, Inc. Investors with Losses Exceeding $100K to Inquire About Securities Class Action Investigation CDNA first appeared on Smallcaps Daily.

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