Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of GeneDx Holdings Corp. (NASDAQ: WGS) resulting from allegations that GeneDx may have issued materially misleading business information to the investing public.
If you purchased GeneDx securities and would like to join the prospective action, please click “Join This Class Action.”
On February 5, 2025, Grizzly Research published a report entitled “Insiders Attest that GeneDx (Nasdaq: WGS) Is Actively Committing Widespread Fraud.” Grizzly stated that GeneDx’s “growth is largely an illusion, driven by fraudulent schemes and illegal tactics deliberately aimed at exploiting Medicaid and Medicare systems to artificially inflate revenue.”
On this news, GeneDx’s stock fell $4.84 per share, or 6.7%, to close at $67.18 per share on February 5, 2025.
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