Silver Law Group announces that a class action lawsuit has been filed against Cancer Genetics, Inc. (“Cancer Genetics” or the “Company”) (CGIX) and certain of its officers. The class action, filed in United States District Court, District of New Jersey, and docketed under 18-cv-06353, is on behalf of a class consisting of investors who purchased or otherwise acquired Cancer Genetics securities between March 23, 2017 through April 2, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased Cancer Genetics securities between March 23, 2017, and April 2, 2018, both dates inclusive, you have until June 4, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. To discuss this action, contact Scott L. Silver at firstname.lastname@example.org or (800) 975-4345 toll-free. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Cancer Genetics is a diagnostics company focused on the development and commercialization of proprietary genomic tests and services to improve the diagnosis, prognosis, and response to treatment (theranosis) of cancer. Cancer Genetics went public in 2013 raising approximately $6,000,000. The lead underwriters were Aegis Capital Group and Feltl & Company, Inc.
The Complaint alleges that throughout the Class Period, CGIX made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Cancer Genetics had ineffective disclosure controls and internal controls over financial reporting; and (ii) as a result of the foregoing, Cancer Genetics’ public statements were materially false and misleading at all relevant times.
Silver Law Group represents institutional and retail investors in securities and investment fraud cases. If you have any questions about your investment or to discuss this matter, contact Silver Law Group.