EQUITY ALERT: Rosen Law Firm Encourages Fulgent Genetics, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – FLGT


NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Fulgent Genetics, Inc. (NASDAQ: FLGT) securities between March 22, 2019 and August 4, 2022, both dates including ( the “class period”). If you want to appear as lead plaintiff, you must call the court by November 21, 2022 at the latest.

SO WHAT: If you purchased Fulgent Genetics stock during the Class Period, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join Fulgent Genetics’ class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8809 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you want to appear as lead plaintiff, you must call the court by November 21, 2022 at the latest. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation.

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WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever settlement of a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Act360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

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CASE DETAILS: According to the Complaint, during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Fulgent Genetics conducted medically unnecessary laboratory testing and engaged in improper billing practices related to, and providing or receiving, laboratory testing of commissions in violation of the Anti-Kickback Act (which prohibits knowingly and intentionally paying a “compensation” to induce or reward patient referrals or to transact business in items or services to be paid for by the government healthcare programs) and that the state Stark statute (which prohibits a physician from referring certain named health care services, including laboratory services, covered by the Medicare program to an entity with which the physician or an immediate family member has a direct or indirect financial relationship) ; (2) accordingly, Fulgent Genetics would likely become subject to increased legal and regulatory scrutiny; (3) Fulgent Genetics’ revenues, to the extent derived from the foregoing illegal conduct, were unsustainable; (4) the foregoing, if disclosed, would be likely to subject the Company to material financial and/or reputational damage; and (5) as a result, the Company’s public statements were, at all relevant times, materially false and misleading. As the true details emerged, the lawsuit alleges that investors suffered damage.

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To join Fulgent Genetics’ class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8809 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

No class was certified. Until a class is certified, you will not be represented by an attorney unless you retain one. You can select a lawyer of your choice. You can also remain absent and do nothing at this point. An investor’s ability to participate in a potential future recovery is not contingent on its serving as lead plaintiff.

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