Levi & Korsinsky Notifies Fulgent Genetics, Inc. Investors of Upcoming Class Action and Deadline
NEW YORK, September 29, 2022 /PRNewswire/ — Levi & Korsinsky, LLP advises investors of Fulgent Genetics, Inc. (“Fulgent” or the “Company”) (NASDAQ: FLGT) a securities class action lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fulgent investors who were harmed by an alleged securities fraud between March 22, 2019 and August 4, 2022. Follow the link below for more information and to be contacted by a member of our team:
FLGT investors can also contact Joseph E. Levi, Esq. by e-mail to [email protected] or by phone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that the defendants misrepresented and/or concealed that: (i) Fulgent performed medically unnecessary lab tests, engaged in improper billing practices with respect to lab tests, and provided or received compensation in violation of the Anti-Kickback Statute and Stark Law; (ii) as a result, Fulgent was subject to increased legal and regulatory scrutiny; (iii) Fulgent’s income, to the extent that it arose from the aforementioned illicit conduct, was unsustainable; (iv) the foregoing, when disclosed, was likely to subject the Company to material financial and/or reputational harm; and (v) as a result, the Company’s public statements were materially false and misleading at all material times.
AND AFTER? If you have suffered a loss in Fulgent during the relevant period, you have until November 21, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or fees. There is no cost or obligation to participate.
WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP