Shareholders Foundation, Inc.

iCAD Inc (NASDAQ:ICAD) Investor Alert: Investigation Concerning Potential Securities Laws Violations

An investigation for investors in iCAD Inc (NASDAQ:ICAD) shares over potential securities laws violations by iCAD Inc was announced and NASDAQ:ICAD stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/13/2015 -- An investigation on behalf of investors of iCAD Inc (NASDAQ:ICAD) shares over potential securities laws violations by iCAD Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of iCAD Inc (NASDAQ:ICAD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of iCAD Inc (NASDAQ:ICAD) concerning whether a series of statements by iCAD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

iCAD Inc reported that its annual total Revenue rose from $28.27 million in 2012 to $43.92 million in 2014 and that its Net Loss declined from $9.37 million in 2012 to $1.01 million in 2014.

On May 6, 2015, after the market closed, iCAD Inc announced that announced information related to reimbursement levels. iCAD Inc said that "Noridian, the Medicare Administrative Contractor in Jurisdictions E and F, which consists of 13 states primarily on the West Coast, has made recent web postings related to Coding for High Dose Rate Brachytherapy for Non-Melanoma Skin Cancers which instruct physicians to report CPT code (17999) rather than the established CPT code (0182T) for electronic brachytherapy for non-melanoma skin cancers. The Company, industry partners and physician providers have reached out to the Centers for Medicare and Medicaid Services ("CMS") and Noridian to seek clarification of the Medicare Coverage Articles posted to Noridian's web sites."

Shares of iCAD Inc (NASDAQ:ICAD) dropped from as high as $8.75 per share on May 6, 2015, to as low as $4.28 per share on May 7, 2015.

On May 11, 2015, NASDAQ:ICAD shares closed at $5.63 per share.

Those who purchased shares of iCAD Inc (NASDAQ:ICAD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com