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FLGT.US
id: 302, Created by Stan Vick, Scout
Fulgent Genetics Inc
What do I get by joining?
- You will get case updates and receive a payout in case of success
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C.D. California
CourtOn 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.
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