If you missed it, the court finally approved the agreement between CareDx and $CDNA investors over hiding issues with Medicare billing rules. So, here’s a quick recap and some details.
Back in 2021, CareDx promoted growing revenue from its AlloSure test. However, later it was revealed that the company had billed Medicare for tests that didn’t meet medical necessity rules and had paid illegal incentives to doctors.
After that, the company even reported it was under investigation by the DOJ, SEC, and a state regulator, causing the stock to drop by 75%.
So, after all of this came out, investors filed a lawsuit against CareDx.
Now, after 4 years, they finally agreed to settle and pay them for their losses. And the court finally approved the agreement. So, if you got hit by this, you can check the details and file for payment.
Anyways, anyone here invested in $CDNA when this scandal happened? How much were your losses if so?
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