Kessler Topaz Meltzer & Check, LLP Reminds Fulgent

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RADNOR, Pa., Oct. 01, 2022 (GLOBE NEWSWIRE) — The regulation agency of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs traders {that a} securities class motion lawsuit has been filed within the United States District Court for the Central District of California in opposition to Fulgent Genetics, Inc. (“Fulgent”) (NASDAQ: FLGT). The motion prices Fulgent with violations of the federal securities legal guidelines, together with omissions and fraudulent misrepresentations regarding the corporate’s business, operations, and prospects. As a results of Fulgent’s materially deceptive statements and omissions to the general public, Fulgent traders have suffered important losses.

CLICK HERE TO SUBMIT YOUR FULGENT LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/fulgent-genetics-inc?utm_source=PR&utm_medium=link&utm_campaign=fulgent&mktm=r

CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE

LEAD PLAINTIFF DEADLINE: NOVEMBER 21, 2022

CLASS PERIOD: MARCH 22, 2019 THROUGH AUGUST 4, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or through electronic mail at info@ktmc.com

Kessler Topaz is likely one of the world’s foremost advocates in defending the general public in opposition to company fraud and different wrongdoing. Our securities fraud litigators are often acknowledged as leaders within the discipline individually and our agency is each feared and revered among the many protection bar and the insurance bar. We are proud to have recovered billions of {dollars} for our shoppers and the courses of shareholders we characterize.

FULGENT’S ALLEGED MISCONDUCT
Fulgent, along with its subsidiaries, offers COVID-19, molecular diagnostic, and genetic testing providers to physicians and sufferers within the United States and internationally. As a consequence, Fulgent should adjust to the federal Anti-Kickback Statute, which prohibits the figuring out and willful cost of “remuneration” to induce or reward affected person referrals or the era of business involving any merchandise or service payable by the federal well being care packages. Fulgent additionally should adjust to the Stark Law which prohibits a doctor from making referrals for sure designated well being providers, together with laboratory providers, which are lined by the Medicare program, to an entity with which the doctor or a direct member of the family has a direct or oblique monetary relationship.

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On August 4, 2022, Fulgent launched its second quarter 2022 monetary outcomes, disclosing, amongst different issues, that the SEC was conducting an investigation into sure of the corporate’s experiences filed with the SEC from 2018 by way of the primary quarter of 2020. The disclosure adopted the corporate’s receipt of 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.”

Following this information, Fulgent’s inventory value fell $11.02 per share, or 17.29%, over the next two buying and selling classes, to shut at $52.72 per share on August 8, 2022.

WHAT CAN I DO?
Fulgent traders could, no later than November 21, 2022, search to be appointed as a lead plaintiff consultant of the category by way of Kessler Topaz Meltzer & Check, LLP or different counsel, or could select to do nothing and stay an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Fulgent traders who’ve suffered important losses to contact the agency straight to amass extra info.

CLICK HERE TO SIGN UP FOR THE CASE

WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a consultant social gathering who acts on behalf of all class members in directing the litigation. The lead plaintiff is often the investor or small group of traders who’ve the biggest monetary curiosity and who’re additionally enough and typical of the proposed class of traders. The lead plaintiff selects counsel to characterize the lead plaintiff and the category and these attorneys, if permitted by the court docket, are lead or class counsel. Your skill to share in any restoration is just not affected by the choice of whether or not or to not function a lead plaintiff.

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ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts all through the nation and around the globe. The agency has developed a world popularity for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a standard purpose: to guard traders, customers, workers and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The criticism on this motion was not filed by Kessler Topaz Meltzer & Check, LLP. For extra details about Kessler Topaz Meltzer & Check, LLP please go to www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com

A video accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/a34b0f70-8dc3-40f1-ab75-f71a93f485e4



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