{"id":688515,"date":"2022-09-23T15:32:18","date_gmt":"2022-09-23T19:32:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fulgent-genetics-investor-alert-kaplan-fox-investigates-potential-securities-fraud\/"},"modified":"2022-09-23T15:32:18","modified_gmt":"2022-09-23T19:32:18","slug":"fulgent-genetics-investor-alert-kaplan-fox-investigates-potential-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fulgent-genetics-investor-alert-kaplan-fox-investigates-potential-securities-fraud\/","title":{"rendered":"FULGENT GENETICS\u2019 INVESTOR ALERT: Kaplan Fox Investigates Potential Securities Fraud"},"content":{"rendered":"
\n

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Fulgent Genetics, Inc. (\u201cFulgent\u201d or the “Company\u201d) (NASDAQ: FLGT).<\/p>\n

\n If you purchased or otherwise acquired Fulgent securities during the period <\/strong>
\n March 22, 2019 and August 4, 2022, inclusive (the \u201cClass Period\u201d)<\/strong>
\n and would like to discuss our investigation, please contact us by emailing <\/strong>
\n
\n
\n jcampisi@kaplanfox.com<\/u>
\n <\/strong>
\n <\/a>
\n or by calling (212) 687-1980. <\/strong>\n <\/p>\n

If you are a member of the proposed Class, you may move the court\u00a0no later than November 21, 2022<\/strong>\u00a0to serve as a lead plaintiff for the purported class.\u00a0 You need not seek to become a lead plaintiff in order to share in any possible recovery.\u00a0<\/p>\n

On August 4, 2022, after the market closed, Fulgent released its second quarter 2022 financial results which were filed with the U.S. Securities and Exchange Commission on Form 10-Q, disclosing, among other items, that the SEC is conducting an investigation into certain reports for 2018 through the first quarter of 2020. Specifically, the Company advised, in relevant part:<\/p>\n

\u201cThe Company has received a Civil Investigative Demand, or CID, issued by the U.S. Department of Justice pursuant to the False Claims Act 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. This CID requests information and records relating to certain of the Company\u2019s customers named in the CID, which represent a small portion of the Company\u2019s revenues. The Company is fully cooperating with the U.S. Department of Justice to promptly respond to the requests for information in this CID, and does not presently expect this CID or resulting investigation to have a material adverse impact. However, the Company cannot predict when the investigation will be resolved, the outcome of the investigation or its potential impact, which may ultimately be greater than the Company currently expects\u201d.<\/p>\n

On this news, Fulgent\u2019s stock price declined $11.02 per share, or 17.29%, over the following two trading sessions, to close at $52.72 per share on August 8, 2022.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

\n WHY CONTACT KAPLAN FOX – <\/strong>Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com<\/u><\/a>.<\/p>\n

If you have any questions about this investigation, your rights, or your interests, please contact:<\/p>\n

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York\u00a010022
(212) 687-1980
E-mail: jcampisi@kaplanfox.com<\/u><\/a><\/p>\n

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:\u00a0 (415) 772-4707
E-mail: lking@kaplanfox.com<\/u><\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Fulgent Genetics, Inc. (\u201cFulgent\u201d or the “Company\u201d) (NASDAQ: FLGT). If you purchased or otherwise acquired Fulgent securities during the period March 22, 2019 and August 4, 2022, inclusive (the \u201cClass Period\u201d) and would like to discuss our investigation, please contact us by emailing jcampisi@kaplanfox.com or by calling (212) 687-1980. If you are a member of the proposed Class, you may move the court\u00a0no later than November 21, 2022\u00a0to serve as a lead plaintiff for the purported class.\u00a0 You need not seek to become a lead plaintiff in order to share in any possible recovery.\u00a0 On August 4, 2022, … <\/p>\n

Continue reading “FULGENT GENETICS\u2019 INVESTOR ALERT: Kaplan Fox Investigates Potential Securities Fraud”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688515","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFULGENT GENETICS\u2019 INVESTOR ALERT: Kaplan Fox Investigates Potential Securities Fraud - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fulgent-genetics-investor-alert-kaplan-fox-investigates-potential-securities-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FULGENT GENETICS\u2019 INVESTOR ALERT: Kaplan Fox Investigates Potential Securities Fraud - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Fulgent Genetics, Inc. 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