BOSTON, MA / ACCESSWIRE / August 8, 2022 / Block & Leviton is investigating Fulgent Genetics, Inc. (NASDAQ:FLGT) for potential securities law violations. Investors who have lost money in their Fulgent Genetics, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/flgt.
What is this all about?
On August 4, 2022, after the market closed, Fulgent Genetics, Inc. released Q2 2022 financial results. Contained in the earnings release, Fulgent disclosed that the company had received a Civil Investigative Demand from the U.S. Department of Justice, investigating '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.'
Shares of Fulgent Genetics, Inc. fell as much as 7.7% in intraday trading on August 5, 2022, closing down 5.7% from the prior day's close.
Who is eligible?
Anyone who purchased Fulgent Genetics, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
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SOURCE: Block & Leviton LLP
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