Kessler Topaz Meltzer & Check, LLP Reminds CareDx, Inc. Shareholders of Deadline in Securities Fraud…
The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against CareDx, Inc. (“CareDx”) (NASDAQ: CDNA). The action charges CareDx with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of CareDx’s materially misleading statements and omissions to the public, CareDx’s investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR CAREDX LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/caredx-inc?utm_source=PR&utm_medium=link&utm_campaign=caredx&mktm=r
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LEAD PLAINTIFF DEADLINE: JULY 22, 2022
CLASS PERIOD: FEBRUARY 24, 2021 through MAY 5, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at [email protected]
Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
CAREDX’S ALLEGED MISCONDUCT
On February 24, 2021, CareDx reported a 51% year-over-year increase in total revenue, with testing services revenue increasing from $104.6 million in 2019 to $163.5 million in 2020. CareDx presented the testing services segment as CareDx’s “growth driver” for which “demand continued unabated.” Moreover, the CareDx described its testing services segment as having “a winning formula” that would allow it to capture a massive total addressable market.
On October 28, 2021, CareDx filed its quarterly report for the third quarter of 2021 on a…