LOS ANGELES, Nov. 7, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

Fulgent Genetics, Inc. (NASDAQ: FLGT)
Class Period: March 22, 2019 – August 4, 2022
Deadline for lead plaintiff: November 21, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, Defendants have failed to disclose to investors that: (1) Fulgent conducted medically unnecessary laboratory testing, engaged in improper billing practices related to laboratory testing, and made or received compensation in violation of the Anti-Kickback Statute and Stark Act Has; (2) accordingly, Fulgent would likely become subject to increased legal and regulatory scrutiny; (3) Fulgent’s earnings, to the extent derived from the foregoing illegal conduct, were unsustainable; (4) the foregoing, if disclosed, would be likely to subject the Company to material financial and/or reputational damage; and (5) as a result, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacking a reasonable basis at all relevant times.

If you are a Fulgent Genetics shareholder who has suffered a loss, click here take part.

Yatsen Holding Limited (NYSE: YSG)
Class Period: November 19, 2020 – March 10, 2022
Deadline for lead plaintiff: November 22, 2022

The complaint…