Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., reminds investors that they
have until May 8, 2017 to file lead plaintiff applications in a
securities class action lawsuit against NantHealth, Inc. (NasdaqGS: NH),
if they purchased the Company’s securities pursuant or traceable to the
Company’s initial public offering on June 1, 2016 (the “IPO”) or between
June 1, 2016 and March 6, 2017, inclusive (the “Class Period”). The
action is pending in United States District Court for the Central
District of California.
What You May Do
If you purchased securities of NantHealth 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, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by May 8, 2017.
About the Lawsuit
NantHealth and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On March 6, 2017, an article was published alleging NantHealth’s CEO’s
donation to the University of Utah required the university to spend $10
million on work performed by NantHealth, an arrangement which enabled
NantHealth to inflate by more than 50 percent the number of test orders
it reported to investors in 2016. The article also quoted two tax
experts stating that the deal appeared to violate federal tax rules
governing charitable donations.
On this news, the price of NantHealth’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170414005033/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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