2022-11-12 |  NDAQ:FLGT |  Press release |  Fulgent Genetics Inc.

2022-11-12 | NDAQ:FLGT | Press release | Fulgent Genetics Inc.

NEW YORK, November 12, 2022 /PRNewswire/ —

Rosen, Pennsylvania Law Firm Logo

WHY: New York, November 12, 2022. Rosen Law Firm, a global investor rights law firm, reminds buyers of Fulgent Genetics, Inc. (NASDAQ: FLGT) securities between March 22, 2019 and August 4, 2022both dates included (the “Class Period”), of the material November 21, 2022 lead applicant deadline.

SO WHAT: If you purchased Fulgent Genetics securities during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Fulgent Genetics class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8809 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than November 21, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fulgent Genetics conducted medically unnecessary laboratory tests, engaging improper billing practices with respect to laboratory testing, and providing or receiving compensation in violation of anti-bribery law (which prohibits knowingly and deliberately paying “compensation” to induce or reward patient referrals or the generation of business involving any item or service payable by federal health care programs) and Federal Stark Law (which prohibits a physician from making referrals for certain designated health services, including laboratory services, which are covered by the Medicare program, to an entity with which the physician or an immediate family member has a direct or indirect financial relationship e) ; (2) as a result, Fulgent Genetics was subject to heightened legal and regulatory scrutiny; (3) Fulgent Genetics’ revenues, to the extent that they were derived from the aforementioned unlawful conduct, were unsustainable; (4) the foregoing, when disclosed, was likely to subject Fulgent Genetics to significant financial and/or reputational harm; and (5) therefore, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.

To join the Fulgent Genetics class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8809 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for class action information.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, Pennsylvania

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827





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SOURCE Rosen Law Firm, Pennsylvania

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