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Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of CareDx Inc., (“CareDx” or the “Company”) (NASDAQ: CDNA) resulting from allegations that CareDx and/or its executives may have issued a materially misleading information to the investing public.
If you purchased CareDx securities, and/or would like to discuss your legal rights and options, please click “Join Class Action” above.
July 17, 2019
New York, New York–Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of CareDx Inc., (“CareDx” or the “Company”) (NASDAQ: CDNA) resulting from allegations that CareDx and/or its executives may have issued materially misleading information to the investing public.
In 2017, CareDx launched its AlloSure product for kidney transplant recipients. Allosure is designed to check for cell-free DNA associated with organ rejection. AlloSure is currently responsible for 83% of CareDx’s total revenue.
On July 16, 2019, a report from Kerrisdale Capital Management noted that the AlloSure test manufactured by CareDx isn’t nearly as popular as it seems because it misses around 40% of rejections compared to the current standard of care.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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