Lawsuit filed for Investors in shares of Nano-X Imaging Ltd. (NASDAQ: NNOX)

An investor, who purchased shares of Nano-X Imaging Ltd. (NASDAQ: NNOX), filed a lawsuit in the U.S. over alleged Securities Laws violations by Nano-X Imaging Ltd.

Investors who purchased shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) have certain options and for certain investors are short and strict deadlines running. Deadline: November 16, 2020. NASDAQ: NNOX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On September 15, 2020, Andrew Left, managing editor of Citron Research ("Citron"), published a report entitled "Nano-X Imaging (NNOX) A Complete Farce on the Market." The report details a series of alarming red flags about Nano-X Imaging Ltd and predicts the stock is heading to $0.
Specifically, the report concludes by stating that "To put things into perspective, this $3 billion company is nothing more than a science project with a simple rendering, minimal R&D, fake customers, no FDA approval, and fraudulent claims that are beyond the realm of possibility."

Shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) declined from $66.67 per share on September 11, 2020 to as low as $22.30 per share on September 22, 2020.

The plaintiff claims that between August 21, 2020 and September 15, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Nano-X’s commercial agreements and its customers were fabricated, 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, that Nano-X’s submission to the U.S. Food and Drug Administration (“FDA”) admitted the Nanox System was not original, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times

Those who purchased shares of Nano-X Imaging Ltd. (NASDAQ: NNOX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.