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FLGT.US
id: 302
C.D. California
Court
On August 4, 2022, Fulgent disclosed that the SEC was conducting an investigation into certain of the Company’s reports filed with the SEC from 2018 through Q1 2020.

Earlier Fulgent received a civil investigative demand issued by the U.S. Department of Justice “related to its investigation of allegations of medically unnecessary laboratory testing, improper billing for laboratory testing, and remuneration received or provided in violation of the Anti-Kickback Statute and the Stark Law.”

On this news, Fulgent’s stock price declined over 21% through the next 3 trading days, seriously damaging investors.
Case Status
Attorney Investigation
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04 August 2022
Collecting participants…