NEW YORK, March 7, 2017 /PRNewswire-USNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at NantHealth, Inc. ("NantHealth" or the "Company") (NASDAQ: NH)
The investigation focuses on whether the Company and its executives violated federal securities laws.
Specifically, on March 6, 2017, STAT, a news organization focused on medical industry reporting, released an article alleging that NantHealth founder, Patrick Soon-Shiong, had donated $12 million to the University of Utah from three different tax-exempt entities he controlled, but $10 million of his donation would be funneled back into NantHealth. Furthermore, STAT alleges that the scheme allowed NantHealth to inflate the number of test orders it reported to investors. On this news, shares of NantHealth significantly declined, causing harm to investors.
Request more information now by clicking here: www.faruqilaw.com/NH. There is no cost or obligation to you.
If you invested in NantHealth stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/NH. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding NantHealth's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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