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DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Nano-X Imaging Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Newsfile Corp.
·2 min read

Los Angeles, California--(Newsfile Corp. - November 15, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nano-X Imaging Ltd. ("Nano-X" or "the Company") (NASDAQ: NNOX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between August 21, 2020 and September 15, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before November 16, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Nano-X fabricated its supposed commercial agreements with customers. The Company's statements about its "novel" Nanox System were misleading and it failed to present data comparing the system to competitors' systems. In fact, the Company's submission to the FDA admitted its system was not original. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Nano-X, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68227