WHY: New York, NY – 
rights law firm, continues to investigate potential securities claims on behalf
of shareholders of CareDx, Inc. (NASDAQ: CDNA) resulting from allegations that CareDx may have issued materially misleading
business information to the investing public.
compensation without payment of any out of pocket fees or costs through a
contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking
recovery of investor losses.
WHAT TO DO
NEXT: To join the
prospective class action, go to http://www.rosenlegal.com/cases-register-2197.html or call Phillip Kim, Esq.
toll-free at 866-767-3653 or email pkim@rosenlegal.com
or cases@rosenlegal.com for
information on the class action.
WHAT IS THIS
ABOUT: On January 25, 2021, CareDx sold 1,923,077 shares of its common stock through
an underwritten public offering at a public offering price of $91.00 per share.
Then October 28,
2021, after the market closed, CareDx released third quarter 2021 financial
results in which the Company disclosed that the U.S. Department of Justice
(“DOJ”) served a civil investigatory demand requesting documents in connection
with a False Claims Act investigation. The DOJ is investigating business
practices related to CareDx’s kidney testing and phlebotomy services. The
Company also disclosed that it received a subpoena from the U.S. Securities and
Exchange Commission (“SEC”) for similar issues, as well as certain accounting
and public reporting practices, and the Company received an information request
from an unnamed state agency.
On this news, the
Company’s share price declined by $19.34 per share, or 27%, to close at $51.00
per share on October 29, 2021.
WHY ROSEN LAW: We
encourage investors to select qualified counsel with a track record of success
in leadership roles. Often, firms issuing notices do not have comparable
experience, resources, or any meaningful peer recognition. Many of these firms
do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law
Firm represents investors throughout the globe, concentrating its practice in
securities class actions and shareholder derivative litigation. Rosen Law Firm
has achieved the largest ever securities class action settlement against a
Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action
Services for number of securities class action settlements in 2017. The firm
has been ranked in the top 4 each year since 2013 and has recovered hundreds of
millions of dollars for investors. In 2019 alone the firm secured over $438
million for investors. In 2020, founding partner Laurence Rosen was named by
law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been
recognized by Lawdragon and Super Lawyers.
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Attorney Advertising. Prior
results do not guarantee a similar outcome.
——————————-
Contact
Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
View the original release on www.newmediawire.com