MONSEY, N.Y., March 14, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether Natera, Inc. (ticker: NTRA) (“Natera”) has violated federal securities laws.
If you suffered losses or reduced gains as a result of the recent drops in the price of NTRA, and have questions about your legal rights, please contact us at the following link to discuss your options at no charge:
https://wohlfruchter.com/cases/natera-inc/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com .
Why is there an investigation?
On January 1, 2022, the New York Times published the results of an investigation finding that a popular type of non-invasive prenatal testing (NIPT) designed to detect chromosomal abnormalities in fetuses during pregnancy had an 85% rate of false positives (that is, 85% of the time a test result finding an abnormality was wrong). The New York Times further found that manufacturers of such tests were nonetheless promoting them as “reliable” and “highly accurate”.
The New York Times identified Natera as a leading manufacturer of such tests.
On March 9, 2022, Hindenburg Research published a report alleging that Natera’s revenue growth has been fueled by deceptive sales and billing practices aimed at doctors, insurance companies and expectant mothers. The report claims it is based on more than two dozen interviews with former Natera employees, patients and industry experts, a review of hundreds of online complaints, FOIA requests to state Medicaid offices and state Attorneys General, and Natera financial filings.
In reaction to the Hindenburg Report, the price of NTRA has dropped from $54.75 at the close on March 8, 2022, to $38.98 at the close on March 11, 2022.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com , to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com