Company Website:
http://www.scott-scott.com
NEW YORK -- (Business Wire)
Scott+Scott,
Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and
consumer rights litigation firm, reminds investors that May 8, 2017 is
the last day to petition the court for lead plaintiff status in the
federal securities lawsuit that has been filed against NantHealth, Inc.
(NASDAQ:NH) (“NantHealth” or the “Company”) and certain of its senior
officers and directors. If you purchased NantHealth stock (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,
you are encouraged to contact Scott+Scott at (844) 818-6980 for more
information.
The lawsuit alleges that throughout the class period Defendants issued
materially false and/or misleading statements and/or failed to disclose:
(1) that Company 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; (2) that, as such, the
Company and Soon-Shiong participated in the violation of federal tax
laws—exposing the Company to possible civil and criminal liability; (3)
that the Company improperly recorded orders received from the University
of Utah as GPS Cancer test orders; and (4) as a result, the Company
reported false and inflated GPS Cancer order figures for the third
quarter of 2016.
On March 6, 2017, STAT, a news organization focused on medical
industry reporting, published an article on these issues. As a result,
NantHealth’s share price declined approximately 23%, from $7.17 to
$5.50—a 60% decline from the IPO price of $14 per share.
What You Can Do
If you purchased NantHealth stock between June 1, 2016 and March 6, 2017
and you wish to discuss this investigation, or have questions about this
notice or your legal rights, please contact attorney Rhiana Swartz at
(844) 818-6980, or at rswartz@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities,
antitrust, and employee retirement plan actions throughout the United
States. The firm represents pension funds, foundations, individuals, and
other entities worldwide with offices in New York, London, Connecticut,
California, and Ohio.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170505005530/en/
Contacts:
Scott+Scott, Attorneys at Law, LLP
Rhiana Swartz, (844)
818-6980
rswartz@scott-scott.com
Source: Scott+Scott, Attorneys at Law, LLP
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