NEW
YORK, Nov. 18, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Fulgent Genetics, Inc.
(NASDAQ: FLGT).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/fulgent-genetics-inc-loss-submission-form/?id=33811&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Fulgent between March 22,
2019 and August 4, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 21, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Fulgent Genetics, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Fulgent had been conducting medically
unnecessary laboratory testing, engaging in improper billing
practices in relation to laboratory testing, and providing or
receiving remuneration in violation of the Anti-Kickback Statute
and Stark Law; (ii) accordingly, Fulgent was likely to become
subject to enhanced legal and regulatory scrutiny; (iii) Fulgent's
revenues, to the extent they were derived from the foregoing
unlawful conduct, were unsustainable; (iv) the foregoing, once
revealed, was likely to subject the Company to significant
financial and/or reputational harm; and (v) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law