{"id":860534,"date":"2025-06-13T17:24:21","date_gmt":"2025-06-13T21:24:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm\/"},"modified":"2025-06-13T17:24:21","modified_gmt":"2025-06-13T21:24:21","slug":"investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm\/","title":{"rendered":"INVESTIGATION ALERT: Edelson Lechtzin LLP is investigating GeneDx Holdings Corp. (NASDAQ: WGS) and Encourages Investors with Substantial Losses to Contact the Firm"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEWTOWN, Pa.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <b>Edelson Lechtzin LLP<\/b> is investigating potential violations of the\u00a0federal securities laws involving\u00a0GeneDx Holdings Corp. (&#8220;GeneDx&#8221;) (NASDAQ: WGS), resulting from allegations of providing potentially misleading business information to the investing public.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2457789\/logo2_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2457789\/logo2_Logo.jpg\" title=\"Edelson Lechtzin LLP (PRNewsfoto\/Edelson Lechtzin LLP)\" alt=\"Edelson Lechtzin LLP (PRNewsfoto\/Edelson Lechtzin LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>If you have information that could assist in the\u00a0GeneDx investigation, or if you are a GeneDx investor who suffered a loss and would like to learn more, you can provide your information <\/b><br \/>\n        <b><br \/>\n          <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4449229-1&amp;h=2267235248&amp;u=https%3A%2F%2Fedelsonlechtzin.cliogrow.com%2Fintake%2F038EKHUraenVUPTAnnoXEQ&amp;a=HERE\" target=\"_blank\" rel=\"nofollow\">HERE<\/a><br \/>\n        <\/b>.<\/p>\n<p>\n        <b>You can also contact attorney Eric\u00a0Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at <\/b><br \/>\n        <b><br \/>\n          <a href=\"mailto:elechtzin@edelson-law.com\" target=\"_blank\" rel=\"nofollow\">elechtzin@edelson-law.com<\/a><br \/>\n        <\/b>.<\/p>\n<p>\n        <b>THE COMPANY:\u00a0<\/b>\n      <\/p>\n<p>GeneDx is a biotechnology company specializing in clinical diagnostic services for rare and pediatric genetic disorders.<\/p>\n<p>\n        <b>THE\u00a0<span>ALLEGED<\/span> WRONGDOING: <\/b>\n      <\/p>\n<p>On <span class=\"xn-chron\">February 5, 2025<\/span>, Grizzly Research, an investment research firm, published a report titled &#8220;Insiders Attest That GeneDx (Nasdaq: WGS) Is Actively Committing Widespread <span>Fraud<\/span>.&#8221; The report\u00a0<span>alleges<\/span> that the Company&#8217;s &#8220;growth is largely an illusion, driven by fraudulent schemes and illegal tactics deliberately aimed at exploiting Medicaid and Medicare systems to inflate revenue artificially.&#8221; The report also claims\u00a0GeneDx attempted to inflate its revenue through an illegal practice known as &#8220;code stacking.&#8221; The report claims\u00a0GeneDx executives may be aware of an imminent risk to the company. CEO <span class=\"xn-person\">Katherine Stueland<\/span> and CFO <span class=\"xn-person\">Kevin Feeley<\/span> have &#8220;consistently sold their shares immediately upon vesting, without ever engaging in open market purchases.&#8221; On this news, the price of GeneDx stock plummeted <span class=\"xn-money\">$4.84<\/span> per share, or 6.72%, to close at <span class=\"xn-money\">$67.18<\/span> per share on <span class=\"xn-chron\">February 5, 2025<\/span>.<\/p>\n<p>\n        <b>ABOUT EDELSON LECHTZIN LLP: <\/b>Edelson Lechtzin LLP is a national class action law firm with offices in <span class=\"xn-location\">Pennsylvania<\/span> and <span class=\"xn-location\">California<\/span>. In addition to securities and investment <span>fraud<\/span> cases, our lawyers focus on class cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft, data security, and consumer <span>fraud<\/span>.<\/p>\n<p>\n        <u>For more information, please contact:<\/u>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Marc H. Edelson, Esq.<\/span><br \/>\n        <br \/>\n        <span class=\"xn-person\">Eric Lechtzin, Esq.<\/span><br \/>\n        <br \/>EDELSON LECHTZIN LLP<br \/>411 S. State Street, Suite N-300<br \/><span class=\"xn-location\">Newtown, PA<\/span> 18940<br \/>Phone: 844-696-7492 or 215-867-2399 ext. 1<br \/>Email:\u00a0<a href=\"mailto:medelson@edelson-law.com\" target=\"_blank\" rel=\"nofollow\">medelson@edelson-law.com<\/a><br \/>Email:\u00a0<a href=\"mailto:elechtzin@edelson-law.com\" target=\"_blank\" rel=\"nofollow\">elechtzin@edelson-law.com<\/a><br \/>Web:\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4449229-1&amp;h=3267077185&amp;u=https%3A%2F%2Fwww.edelson-law.com%2F&amp;a=www.edelson-law.com\" target=\"_blank\" rel=\"nofollow\">www.edelson-law.com<\/a><\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery depends not on serving as lead plaintiff.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH10354&amp;sd=2025-06-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm-302481507.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm-302481507.html<\/a><\/p>\n<p>SOURCE  Edelson Lechtzin LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH10354&amp;Transmission_Id=202506131654PR_NEWS_USPR_____PH10354&amp;DateId=20250613\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEWTOWN, Pa. , June 13, 2025 \/PRNewswire\/ &#8212; Edelson Lechtzin LLP is investigating potential violations of the\u00a0federal securities laws involving\u00a0GeneDx Holdings Corp. (&#8220;GeneDx&#8221;) (NASDAQ: WGS), resulting from allegations of providing potentially misleading business information to the investing public. If you have information that could assist in the\u00a0GeneDx investigation, or if you are a GeneDx investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric\u00a0Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com . THE COMPANY:\u00a0 GeneDx is a biotechnology company specializing in clinical diagnostic services for rare and pediatric genetic disorders. THE\u00a0ALLEGED WRONGDOING: On February 5, 2025, Grizzly Research, an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-edelson-lechtzin-llp-is-investigating-genedx-holdings-corp-nasdaq-wgs-and-encourages-investors-with-substantial-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTIGATION ALERT: Edelson Lechtzin LLP is investigating GeneDx Holdings Corp. (NASDAQ: WGS) and Encourages Investors with Substantial Losses 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-860534","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTIGATION ALERT: Edelson Lechtzin LLP is investigating GeneDx Holdings Corp. 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(NASDAQ: WGS) and Encourages Investors with Substantial Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEWTOWN, Pa. , June 13, 2025 \/PRNewswire\/ &#8212; Edelson Lechtzin LLP is investigating potential violations of the\u00a0federal securities laws involving\u00a0GeneDx Holdings Corp. (&#8220;GeneDx&#8221;) (NASDAQ: WGS), resulting from allegations of providing potentially misleading business information to the investing public. If you have information that could assist in the\u00a0GeneDx investigation, or if you are a GeneDx investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric\u00a0Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com . THE COMPANY:\u00a0 GeneDx is a biotechnology company specializing in clinical diagnostic services for rare and pediatric genetic disorders. THE\u00a0ALLEGED WRONGDOING: On February 5, 2025, Grizzly Research, an &hellip; Continue reading &quot;INVESTIGATION ALERT: Edelson Lechtzin LLP is investigating GeneDx Holdings Corp. 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(&#8220;GeneDx&#8221;) (NASDAQ: WGS), resulting from allegations of providing potentially misleading business information to the investing public. If you have information that could assist in the\u00a0GeneDx investigation, or if you are a GeneDx investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorney Eric\u00a0Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com . THE COMPANY:\u00a0 GeneDx is a biotechnology company specializing in clinical diagnostic services for rare and pediatric genetic disorders. THE\u00a0ALLEGED WRONGDOING: On February 5, 2025, Grizzly Research, an &hellip; Continue reading \"INVESTIGATION ALERT: Edelson Lechtzin LLP is investigating GeneDx Holdings Corp. 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