Press release
Investigation announced for Investors who hold shares of Nutex Health Inc. (NASDAQ: NUTX) long term
An investigation on behalf of current long term investors in Nutex Health Inc. (NASDAQ: NUTX) shares.
Investors who are current long term investors in Nutex Health Inc. (NASDAQ: NUTX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in Nutex Health Inc. (NASDAQ: NUTX stocks follows a lawsuit filed against Nutex Health Inc. (NASDAQ: NUTX over alleged securities laws violations. The investigation on behalf of current long term investors in Nutex Health Inc. (NASDAQ: NUTX stocks, concerns whether certain Nutex Health Inc. (NASDAQ: NUTX officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that HaloMD was achieving lucrative arbitration results for Nutex by engaging in a coordinated scheme to defraud insurance companies, that as a result, to the extent that they were the product of fraudulent conduct, revenues attributable to the Company's engagement with HaloMD in the IDR process were unsustainable, that in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting, that as a result, the Company was unable to effectively account for the treatment of certain of its stock based compensation obligations, that as a result, Nutex improperly calculated these stock based compensation obligations as equity rather than liabilities, that the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the United States Securities and Exchange Commission ("SEC"), that accordingly, Nutex's business and/or financial prospects were overstated, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
Those who purchased shares of Nutex Health Inc. (NASDAQ: NUTX) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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.
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