LOS ANGELES, CA / ACCESSWIRE / April 7, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against NantHealth ("NantHealth" or the "Company" (NH) concerning possible violations of federal securities laws. Investors, who purchased shares (1) pursuant and/or traceable to the Company's initial public offering ("IPO") on or about June 1, 2016; and/or (2) between June 1, 2016 and March 6, 2017, inclusive (the "Class Period") should contact the firm prior to the May 8, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint states that during the Class Period, NantHealth made materially false and/or misleading statements and/or failed to disclose: that its founder, Patrick Soon-Shiong, had donated funds through nonprofit organizations to the University of Utah for the purpose of funneling those funds back into NantHealth; that NantHealth and Soon-Shiong violated federal tax laws; that the Company improperly recorded orders received from the University of Utah as GPS Cancer test orders; and that the Company reported false and inflated GPS Cancer order figures for the third quarter of 2016.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC