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CODX.US
id: 113, Created by Law Guard, Scout
Co-Diagnostics Inc
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
Co-Diagnostics, Inc. issued a press release and filed a report that showed revenue down almost 82% from the prior year period.
On this news, the price of Co-Diagnostics, Inc. stock declined by 30.65%, to close at $4.48 per share on August 12, 2022.
Going back, the company repeatedly reassured investors about the demand for the product through its press release, SEC report, and conference call with investors and analysts.
At the same time, Co-Diagnostics, Inc. failed to disclose that demand for its Logix Smart™ COVID19 Test had plummeted throughout the quarter ended June 30, 2022, and as a result, Management’s positive statements about the demand for its Logix Smart™ COVID-19 Test lacked a reasonable basis.
Thus, Management made statements about the Company’s business and demand for its products, while they knew, or at least recklessly disregarded, that the Company was experiencing material negative conditions that impaired its financial condition, results of operations and business prospects, and market price of its shares.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 August 2022
Court
Southern District of New York