{"id":827449,"date":"2025-03-19T08:07:26","date_gmt":"2025-03-19T12:07:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/"},"modified":"2025-03-19T08:07:26","modified_gmt":"2025-03-19T12:07:26","slug":"shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">PHILADELPHIA, March  19, 2025  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against CareDx, Inc. (NASDAQ: CDNA) on behalf of certain investors who purchased shares of the company\u2019s stock between April 30, 2020 and November 3, 2022 (the \u201cClass Period\u201d).<\/p>\n<p align=\"left\">According to the complaint, during the Class Period, CareDx and certain of the company\u2019s executive officers made a series of materially false and misleading statements to investors about CareDx\u2019s business and operational practices. Specifically, the defendants are alleged to have <br \/>attributed CareDx\u2019s financial success to demand for its testing services and the popularity of its RemoTraC home testing program, while in reality, CareDx\u2019s testing services growth relied almost entirely on unethical and improper schemes to bill Medicare fraudulently for unnecessary tests and pay kickbacks to doctors. Among its many unlawful and improper practices, defendants took advantage of its RemoTraC home testing program to systematically push its expensive AlloSure tests \u2013 each of which cost Medicare $2,841 \u2013 on patients who did not need the test and did not meet Medicare\u2019s criteria for receiving them.<\/p>\n<p align=\"left\">The complaint details how, through a series of partial disclosures, investors learned the truth about CareDx\u2019s business and operational practices between October 2021 and November 2022. <br \/>For example, on October 28, 2021, <strong><em>shares of the company\u2019s stock fell $19.34 per share, or over 27% in value<\/em><\/strong>, after CareDx disclosed that it was under investigation by the DOJ, the SEC, and a state regulatory agency in connection with a False Claims Act investigation. Shares of the company\u2019s stock continued to decline in value \u2013 <strong><em>to as low as $16.00 per share<\/em><\/strong>, as CareDx slowly disclosed additional negative information to investors, including the resignations of several key executives and the filing of a whistleblower complaint.<\/p>\n<p align=\"left\">The investigation seeks to determine \u2013 on behalf of CareDx\u2019s current shareholders \u2013 whether the members of CareDx\u2019s board of directors violated the securities laws and\/or breached their fiduciary duties in connection with the above alleged misconduct and misstatements.<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <em>Current CareDx stockholders<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> who purchased or acquired shares of the company\u2019s stock <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>prior to October 28, 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>are encouraged to contact <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Kaskela Law LLC <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>(D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) to receive additional information about their legal rights and options at (484) 229 \u2013 0750, <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>or by clicking on the following link (or by copying and pasting the link into your browser):<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QVK9p36ZSVSHmvNbCFCziBcmxjQKlYzEuOXiz0WgQQsPot91bKh2d68gXCcsDlUC8i_Tm-IX7RT93my7E2nh9qb3TUPmjRXVLevemdlDmIRd2-mAF-COaHfi3qkJTl9QEYBV7rSwSKhx3sZDN2oTMQ==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/case\/caredx-2\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"left\">Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jWUDVQHrssPRjn4zDUoBwKjylG82rzA54y9HEzwi6pR7tIsW_LsagiJA3hwyAHzgYXX1eIRjnEKIpqHZoA5G3FdFrL-zTGXFJHjRANctQ0M=\" rel=\"nofollow\" target=\"_blank\">www.kaskelalaw.com<\/a>. This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n<p align=\"left\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>KASKELA LAW LLC<\/strong><br \/>\n        <br \/>D. Seamus Kaskela, Esq.<br \/>Adrienne Bell, Esq.<br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(484) 229 \u2013 0750<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jWUDVQHrssPRjn4zDUoBwJ_i4hBHUwB9424X_DCe5U7vK7rmex8xZFiJJLl4QY90cLlFs1hPpnkZX6ML3n3QL8DMzFgadXbkrVSA9-eIUUc=\" rel=\"nofollow\" target=\"_blank\">www.kaskelalaw.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5NjgzOSM2ODEzMDUyIzIwOTk5MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWU0YzM4ZDItYzQyNy00NDU5LWE3OTktZTdhYmVkMWM4MzhiLTExMTE1MDYtMjAyNS0wMy0xOS1lbg==\/tiny\/Kaskela-Law.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, March 19, 2025 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against CareDx, Inc. (NASDAQ: CDNA) on behalf of certain investors who purchased shares of the company\u2019s stock between April 30, 2020 and November 3, 2022 (the \u201cClass Period\u201d). According to the complaint, during the Class Period, CareDx and certain of the company\u2019s executive officers made a series of materially false and misleading statements to investors about CareDx\u2019s business and operational practices. Specifically, the defendants are alleged to have attributed CareDx\u2019s financial success to demand for its testing services and the popularity of its RemoTraC home testing program, while in reality, CareDx\u2019s testing services growth relied almost entirely on unethical and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm&#8221;<\/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-827449","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm - 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\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 19, 2025 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against CareDx, Inc. (NASDAQ: CDNA) on behalf of certain investors who purchased shares of the company\u2019s stock between April 30, 2020 and November 3, 2022 (the \u201cClass Period\u201d). According to the complaint, during the Class Period, CareDx and certain of the company\u2019s executive officers made a series of materially false and misleading statements to investors about CareDx\u2019s business and operational practices. Specifically, the defendants are alleged to have attributed CareDx\u2019s financial success to demand for its testing services and the popularity of its RemoTraC home testing program, while in reality, CareDx\u2019s testing services growth relied almost entirely on unethical and &hellip; Continue reading &quot;SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T12:07:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5NjgzOSM2ODEzMDUyIzIwOTk5MzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm\",\"datePublished\":\"2025-03-19T12:07:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/\"},\"wordCount\":474,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM5NjgzOSM2ODEzMDUyIzIwOTk5MzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\\\/\",\"name\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm - 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(NASDAQ: CDNA) on behalf of certain investors who purchased shares of the company\u2019s stock between April 30, 2020 and November 3, 2022 (the \u201cClass Period\u201d). According to the complaint, during the Class Period, CareDx and certain of the company\u2019s executive officers made a series of materially false and misleading statements to investors about CareDx\u2019s business and operational practices. Specifically, the defendants are alleged to have attributed CareDx\u2019s financial success to demand for its testing services and the popularity of its RemoTraC home testing program, while in reality, CareDx\u2019s testing services growth relied almost entirely on unethical and &hellip; Continue reading \"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-19T12:07:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5NjgzOSM2ODEzMDUyIzIwOTk5MzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm","datePublished":"2025-03-19T12:07:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/"},"wordCount":474,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5NjgzOSM2ODEzMDUyIzIwOTk5MzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-class-action-lawsuit-against-caredx-inc-cdna-and-encourages-long-term-caredx-investors-to-contact-the-firm\/","name":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against CareDx, Inc\u00a0(CDNA) and Encourages Long-Term CareDx Investors to Contact the Firm - 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