Glancy Prongay & Murray LLP Reminds Investors of Impending Deadline
LOS ANGELES, Sept. 30, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come November 7, 2022 Deadline for Filing a Complaint by Lead Plaintiff in the Class Action Complaint Filed on Behalf of Investors Holding Sema4 Holdings Corp. (“Sema4” or the “Company”) purchased or otherwise acquired SMFRSMFRW)) securities between March 14, 2022 and August 15, 2022inclusive (the “Class Period”).
If you have suffered a loss on your Sema4 investments or would like to inquire about the possibility of making claims to recover your loss under the federal securities laws, you may submit your contact information at www.glancylaw.com/cases/sema4-holdings-corp/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at [email protected] to learn more about your rights.
On August 15, 2022, after the market closed, Sema4 announced changes to its R&D leadership team, including the resignation of defendant Schadt from his roles as President and Chief R&D Officer. The company also announced that it will be shedding approximately 13% of its workforce as part of a series of corporate reorganizations and realignments. During the related conference call, Sema4 announced that in connection with negotiations with “one of [Sema4’s] major commercial payers regarding the potential repayment of payments for Sema4 carrier screening services rendered from 2018 through early 2022.”
As a result of this news, Sema4’s stock fell $0.80, or 33.3%, on unusually high trading volume to close at $1.60 per share on August 16, 2022.
The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors: (1) that it…
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