Nano-X Imaging Ltd.
Lead Plaintiff Deadline: 11/16/2020
SUMMARY OF CASE:
A securities class action has been filed against Nano-X Imaging Ltd. (NNOX) on behalf of purchasers of the securities of Nano-X Imaging between August 21, 2020 through September 15, 2020. This case has been filed in the USDC – E.D.N.Y.
The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Nano-X’s commercial agreements and its customers were fabricated; (2) Nano-X’s statements regarding its “novel” Nanox System were misleading as the Company never provided data comparing its images with images from competitors’ machines; (3) Nano-X’s submission to the U.S. Food and Drug Administration (“FDA”) admitted the Nanox System was not original; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.