{"id":971280,"date":"2026-06-11T10:48:55","date_gmt":"2026-06-11T14:48:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/"},"modified":"2026-06-11T10:48:55","modified_gmt":"2026-06-11T14:48:55","slug":"genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/","title":{"rendered":"GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC"},"content":{"rendered":"
\n

NEW YORK and NEW ORLEANS, June 11, 2026 (GLOBE NEWSWIRE) — Kahn Swick & Foti<\/a>, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 3, 2026<\/u><\/strong> to file lead plaintiff applications in a securities class action lawsuit against GeneDx Holdings Corp.purchased or otherwise acquired the Company\u2019s shares between April 16, 2025 and May 4, 2026, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the District of Connecticut.<\/p>\n

\n What You May Do<\/strong>\n <\/p>\n

If you purchased shares of GeneDx as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-wgs\/?prs=globe<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 3, 2026<\/u><\/strong>.<\/p>\n

\n >>><\/strong>
\n
\n CLICK HERE<\/strong>
\n <\/a>
\n for more information<\/strong>\n <\/p>\n

\n About the Lawsuit<\/strong>\n <\/p>\n

GeneDx and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.\u00a0\u00a0<\/p>\n

On May 4, 2026, the Company reported its financial results for the first quarter of fiscal year 2026, disclosing a drop in adjusted gross margin from 74% to 69%, that it had missed its revenue estimates for both its exome and genome lines, and lowered its guidance for full year revenue to $475 \u2013 $490 million, down from $540 \u2013 $550 million. The Company also disclosed a $31.2 million impairment loss attributable to its prior acquisition of Fabric Genomics, an AI-driven genomic interpretation company, which the Company had touted as expected to expand its addressable market through multiple scalable revenue streams and transform static data into a recurring revenue-generating platform.<\/p>\n

On this news, the price of GeneDx shares fell by $33.42 per share, or 49.2%.<\/p>\n

The case is Basma v. GeneDx Holdings Corp., <\/em>No. 26-cv-00880.<\/p>\n

\n >>>To Learn More, Click <\/strong>
\n
\n HERE<\/strong>
\n <\/a>\n <\/p>\n

About Kahn Swick & Foti<\/a>, LLC<\/p>\n

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.<\/p>\n

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services<\/p>\n

To learn more about KSF, you may visit www.ksfcounsel.com<\/a>.<\/p>\n

\n >>>For More Information about the case, Click <\/strong>
\n
\n HERE<\/strong>
\n <\/a>\n <\/p>\n

Contact:<\/p>\n

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com<\/a><\/u>
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163<\/p>\n

CONNECT WITH US: Facebook<\/a> || Instagram<\/a> || YouTube<\/a> || TikTok<\/a> || LinkedIn<\/a><\/p>\n

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

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

NEW YORK and NEW ORLEANS, June 11, 2026 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 3, 2026 to file lead plaintiff applications in a securities class action lawsuit against GeneDx Holdings Corp.purchased or otherwise acquired the Company\u2019s shares between April 16, 2025 and May 4, 2026, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the District of Connecticut. What You May Do If you purchased shares of GeneDx as above and would like to discuss your legal rights and how this case might affect you and your right to … <\/p>\n

Continue reading “GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC”<\/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-971280","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC - 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\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK and NEW ORLEANS, June 11, 2026 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 3, 2026 to file lead plaintiff applications in a securities class action lawsuit against GeneDx Holdings Corp.purchased or otherwise acquired the Company\u2019s shares between April 16, 2025 and May 4, 2026, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the District of Connecticut. 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Foti, Jr., remind investors with substantial losses that they have until August 3, 2026 to file lead plaintiff applications in a securities class action lawsuit against GeneDx Holdings Corp.purchased or otherwise acquired the Company\u2019s shares between April 16, 2025 and May 4, 2026, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the District of Connecticut. What You May Do If you purchased shares of GeneDx as above and would like to discuss your legal rights and how this case might affect you and your right to … Continue reading \"GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-11T14:48:55+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NTYwNSM3NjU3NjcxIzIwMjQ4Nzc=","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\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC","datePublished":"2026-06-11T14:48:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/"},"wordCount":526,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0NTYwNSM3NjU3NjcxIzIwMjQ4Nzc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/genedx-holdings-securities-fraud-class-action-result-of-acquisition-performance-misrepresentations-and-49-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc\/","name":"GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline - 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