Securities Class Action Reminder

Kessler Topaz Meltzer & Check, LLP Reminds CareDx, Inc. Investors of Upcoming Deadline in Securities Fraud Class Action Lawsuit

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against CareDx, Inc. (“CareDx”) (NASDAQ: CDNA). The action charges CareDx with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of CareDx’s materially misleading statements and omissions to the public, CareDx’s investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR CAREDX LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/caredx-inc?utm_source=PR&utm_medium ...

TO VIEW OUR VIDEO, PLEASE CLICK HERE

LEAD PLAINTIFF DEADLINE: JULY 22, 2022

CLASS PERIOD: FEBRUARY 24, 2021 through MAY 5, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. [phone] or Toll Free [phone] or Email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

CAREDX’S ALLEGED MISCONDUCT
On February 24, 2021, CareDx reported a 51% year-over-year increase in total revenue, with testing services revenue increasing from $104.6 million in 2019 to $163.5 million in 2020. CareDx presented the testing services segment as CareDx’s “growth driver” for which “demand continued unabated.” Moreover, the CareDx described its testing services segment as having “a winning formula” that would allow it to capture a massive total addressable market.

On October 28, 2021, CareDx filed its quarterly report for the third quarter of 2021 on a Form 10-Q which revealed that it had received several inquiries from multiple governmental agencies relating to its business and practices, including: (1) a civil investigative demand (CID) from the U.S. Department of Justice in connection with its False Claims Act investigation; (2) a subpoena from the SEC in relation its investigation relating to issues identified in the CID and certain of CareDx’s accounting and public reporting practices; and (3) an information request from an unnamed state regulatory agency. Following this news, the price of CareDx shares declined more than 27%, from a closing price of $70.34 per share on October 28, 2021, to a closing price of $51.00 per share on October 29, 2021.