CAREDX INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC continues to investigate the officers and directors of CareDx, Inc.

NEW ORLEANS, LA / ACCESSWIRE / October 25, 2024 / Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF is continuing its investigation into CareDx, Inc. (NasdaqGM: cDNA).

In October 2021, the Company announced that it had received a Civil Investigation Request (“CID”) from the United States Department of Justice (“DOJ”) relating to “an investigation conducted by the DOJ under the False Claims Act regarding certain business practices in the United States.” “Related to.” [the Company’s] kidney testing and phlebotomy services,” and that it also received a subpoena from the SEC regarding the same matters “as well as certain of our accounting and public reporting practices.” In November 2022, the company reported weak overall sales growth. including a decline in Diagnostic Solutions segment revenue of $1.7 million (2.5%) year-over-year, a 14% increase in operating expenses, which exceeded the increase in revenue, and an operating loss of $8.7 million almost doubled to $17.3 million.

The company was sued in a securities class action lawsuit for failing to disclose material information in violation of federal securities laws. Recently, the court presiding over this case denied the company’s motion to partially dismiss the second amended class action lawsuit, allowing the case to move forward.

KSF’s investigation focuses on whether CareDx’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that could assist KSF in its investigation, or are a long-time holder of CareDx stock and would like to discuss your legal rights, you may call toll-free 1-877-515-1850 or text, without obligation and at no cost to you Send an email to KSF Managing Partner Lewis Kahn ([email protected]) or visit us to find out more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses resulting from corporate fraud or misconduct by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

CONTACT:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

SOURCE: Kahn Swick & Foti, LLC