The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Sema4 Holdings, Corp. (NASDAQ: SMRF) who purchased shares between March 14, 2022 and August 15, 2022. The action, which was filed in the United States District Court for the District of Connecticut, alleges that the Company violated federal securities laws.
(1) there was a significant risk that Sema4 would reverse a material amount of previously recognized revenue that it could not recoup from third party payors; (2) the Company was experiencing declining selling prices for its reproductive health segment; (3) as a result of the foregoing, Sema4’s financial results would be adversely affected; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until November 7, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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