Investor Notice: Class Action Lawsuit Filed by Kaskela Law LLC Against …
Kaskela Law LLC has recently announced the filing of a shareholder class action lawsuit against CareDx, Inc. The lawsuit, which was filed on behalf of investors who purchased shares of CareDx, Inc. between March 7, 2019, and February 25, 2022, alleges that the company made false and misleading statements regarding its business practices and financial performance during that time period.
The lawsuit claims that CareDx, Inc. engaged in a scheme to artificially inflate its stock price by misrepresenting its revenue growth and profitability. According to the complaint, CareDx, Inc. failed to disclose that it was relying on unsustainable business practices, including using undisclosed related-party transactions to artificially boost its financial results. Additionally, the lawsuit alleges that CareDx, Inc. failed to disclose the impact of increasing competition on its business, as well as the potential negative effects of Medicare reimbursement cuts.
As a result of these alleged misrepresentations, the lawsuit claims that investors suffered significant losses when the truth about CareDx, Inc.’s business practices and financial performance was revealed. When CareDx, Inc. announced its financial results for the fourth quarter of 2021 and full-year 2021 on February 25, 2022, the company’s stock price declined by over 20% in a single day.
Investors who purchased shares of CareDx, Inc. during the relevant time period and suffered losses are encouraged to contact Kaskela Law LLC to discuss their legal rights and options. Kaskela Law LLC is a law firm that specializes in representing investors in securities fraud and shareholder rights litigation. The firm is dedicated to holding companies accountable for their actions and recovering losses on behalf of investors who have been harmed by corporate misconduct.
If you are a CareDx, Inc. investor who purchased shares during the relevant time period and would like to learn more about your legal rights and options, please contact Kaskela Law LLC. The firm can be reached by phone at (888) 715-1740 or by email at info@kaskelalaw.com. You may also submit your information through the firm’s website to receive additional information about the case.
