ACCESSWIRE
02 Aug 2022, 22:01 GMT+10
PHILADELPHIA, PA / ACCESSWIRE / August 2, 2022 / Kaskela Law LLC announces that it is investigating Co-Diagnostics, Inc. ('Co-Diagnostics' or the Company) (NASDAQ:CODX) on behalf of the Company's long-term investors.
Recently a shareholder class action complaint was filed against Co-Diagnostics on behalf of certain investors who purchased shares of the Company's common stock between April 30, 2020 and May 15, 2020. According to the complaint, during that time period Co-Diagnostics and certain of the Company's senior executive officers 'made continual, knowing, and willful misstatements about their main product, a Covid-19 diagnostic test marketed under the name ‘Logix Smart', to pump up the price of Co-Diagnostics' stock,' including claims that the Logix Smart test was 100% effective. The complaint further alleges that the Company's 'officers and directors exercised low priced options and dumped their stock into the market without informing the investing public' about the true limitations of the Logix Smart test, and prior to the Company's stock price declining in value.
The investigation seeks to determine whether the members of Co-Diagnostics' board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.
Current Co-Diagnostics stockholders who purchased or acquired shares of the Company's stock prior to April 30, 2020 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/co-diagnostics-inc/ , for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
skaskela@kaskelalaw.com
Adrienne Bell, Esq.
abell@kaskelalaw.com
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationSOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
Israel has launched an unprovoked war against the Palestinian resistance group Islamic Jihad. The Israeli army assassinated a high-ranking commander ...
ISLAMABAD, Pakistan - Pakistan categorically denied on Thursday that a U.S. drone strike in Kabul that killed al-Qaeda chief Ayman ...
EAST NUSA TENGGARA, Indonesia: Hundreds of Indonesian tourism workers went on strike this week to protest a sharp rise in ...
NASSAU, Bahamas: A team of explorers have announced that they have uncovered a treasure, including coins, gemstones and priceless jewels, ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday, but gains and losses were modest.There is concern the ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
WASHINGTON D.C.: The U.S. Transportation Department said it could require airlines to offer passengers a refund if their flight schedules ...
LONDON, England: In 2023, America's Major League Baseball is set to return to London for the first time since 2019, ...
NEW YORK CITY, New York: A New York Federal Reserve report released this week indicated that Americans are struggling to ...
NEW YORK CITY, New York: The Department of Financial Services of New York State said it has fined the crypto ...