A lawsuit was filed on behalf of investors in Nano-X Imaging Ltd. (NASDAQ:NNOX) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/28/2020 -- An investor, who purchased NASDAQ: NNOX shares, filed a lawsuit over alleged violations of Federal Securities Laws by Nano-X Imaging Ltd.
Investors who purchased shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) have certain options and for certain investors are short and strict deadlines running. Deadline: November 16, 2020. NASDAQ: NNOX investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
On September 15, 2020, Andrew Left, managing editor of Citron Research ("Citron"), published a report entitled "Nano-X Imaging (NNOX) A Complete Farce on the Market." The report details a series of alarming red flags about Nano-X Imaging Ltd and predicts the stock is heading to $0.
Specifically, the report concludes by stating that "To put things into perspective, this $3 billion company is nothing more than a science project with a simple rendering, minimal R&D, fake customers, no FDA approval, and fraudulent claims that are beyond the realm of possibility."
Th e plaintiff claims that between August 21, 2020 and September 15, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Nano-X's commercial agreements and its customers were fabricated, Nano-X's statements regarding its "novel" Nanox System were misleading as the Company never provided data comparing its images with images from competitors' machines, that Nano-X's submission to the U.S. Food and Drug Administration ("FDA") admitted the Nanox System was not original, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times
Those who purchased shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.