MONEY LOST IN CAREDX, INC. ? Gibbs Law Group Investigates Potential Securities Law Violations
OAKLAND, Calif .– (COMMERCIAL THREAD) – Shares of CareDx, Inc. fell more than 27% on Friday, October 29, 2021, after the company revealed that the Department of Justice and the SEC launched investigations related to CareDx’s business practices, and that the SEC was also investigating the company’s accounting and public reporting practices. Gibbs Law Group is studying a potential CareDx Securities Class Action on behalf of investors who lost money in CareDx, Inc. (NASDAQ: CDNA).
To speak to a lawyer about this class action investigation, Click here Where call (888) 410-2925.
After the market closed on Thursday, October 28, 2021, precision medicine firm CareDx revealed in an SEC filing that it was the target of an investigation under the US Department of Justice’s False Claims Act. . In the case, CareDx explained that it had recently received a civil investigation request from the DOJ regarding “certain business practices relating to our kidney testing and phlebotomy services”, and that it is now ordered to produce documents. in relation to these concerns.
The company’s filing also revealed that it had received a subpoena from the SEC regarding “matters similar to those identified in the CID, as well as some of our accounting and public reporting practices.” The record indicates that another unnamed state regulator has also made a request for information, and it is possible that the company “may receive requests for additional information from the DOJ, the SEC or other agencies. regulatory and governmental matters concerning similar or related matters “. CareDx went on to say that “depending on the outcome of DOJ or SEC investigations, request for information on state law or any other request or investigation,” it may have to “spend significant financial and management resources to respond to the CID, the SEC subpoena and other inquiries “that could” seriously harm our business and financial results. ”
Following the announcement of the civil investigation and the subpoena, the CareDx share price fell more than 27% on Friday, October 29, 2021, causing significant damage to investors.
What should CareDx investors do?
If you have invested in CareDx, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you might be able to recoup your losses. Our investigation focuses on whether CareDx has violated federal securities laws by providing false or misleading statements to investors.
About Gibbs Law Group
Gibbs Law Group represents investors nationwide in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duties and breaches of power of attorney. The firm has recouped over $ 1 billion for its clients against some of the world’s largest corporations, and our attorneys have received numerous accolades for their work, including “Best Lawyers in America,” “Best Plaintiff’s Lawyers in California “,” California Lawyer Attorney of the Year “,” Class Action Practice Group of the Year “,” Consumer Protection MVP “and” Top Women Lawyers in California “.
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