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NantHealth, Inc. (NASDAQ: NH)

Securities Class Action

Overview
  • Date:
  • 1/1/2017
  • Company Name:
  • NantHealth, Inc.
  • Stock Symbol:
  • NH
  • Status:
  • Closed/Complete

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NEW YORK, March 9, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired NantHealth, Inc. (NASDAQ: NH) securities between June 1, 2016 and March 6, 2017 (the “Class Period”). Investors have until May 8, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On March 6, 2017, the STAT news organization published an article 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. In addition, the article quoted two tax experts stating that the deal appeared to violate federal tax rules governing charitable donations.

If you purchased or otherwise acquired NantHealth securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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