NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Nano-X Imaging Ltd. (NASDAQ: NNOX) resulting from allegations that Nano-X may have issued materially misleading business information to the investing public.
On September 15, 2020, Citron Research (“Citron”) published the report entitled “Nano-X Imaging (NNOX) A Complete Farce on the Market.” The Citron report described a series of red flags surrounding Nano-X, and concluded that “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.” On this news, Nano-X’s stock price fell $11.21 per share, or 22.7%, to close at $38.00 per share on September 15, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of Nano-X shareholders. If you purchased securities of Nano-X please visit the firm’s website at http://www.rosenlegal.com/cases-register-1945.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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