SHAREHOLDER ALERT: The Law Offices of Timothy L. Miles Announces a Lawsuit Has Been Filed Against Nano-X Imaging Ltd.
Securities Class Action Lawsuit Has Been Filed Against Nano-X Imaging Ltd.; Shareholders Urged to Contact the Firm
Nano-X Imaging Ltd. (NASDAQ:KNOX)
Nano-X Accused of Misleading Shareholders
The filed complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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;
• Nano-X's submission to the U.S. Food and Drug Administration ("FDA") admitted the Nanox System was not original; and
• as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On September 15, 2020, Citron Research published a report alleging, among other things, that Nano-X "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, the Company's share price fell $11.21, or nearly 23%, to close at $38.00 per share on September 15, 2020,
Nano-X Imaging fell to as low as $22.30 per share, intraday, as much as 22% to the lowest in after Muddy Waters named the company a short in a new report, comparing it to Nikola. It came a week after Citron released their negative call on the Company.
Nano-X Shareholders Urged to Contact the Firm
If you purchased Nano-X securities, have information, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384, Toll-Free at 855-846-6529, or by email to tmiles@timmileslaw.com. If you inquire by email please include your mailing address, telephone number, and the number shares owned.
About Timothy L. Miles
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely awarded the recognition of American’s Most Honored Lawyers 2020 – Top 1% by the American Registry. Mr. Miles was also recently selected by Martindale-Hubbell® and ALM as a 2020 Top Ranked Lawyer and a 2020 Top Rated Litigator. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019-2020). Awards: Top Rated Litigator by Martindale-Hubbell® and ALM (2019); Elite Lawyer of The South by Martindale-Hubbell® and ALM (2019); Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2020); PRR AV Preeminent Rating on Lawyers.com (2018-2020); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Lifetime Achievement Award by Premier Lawyers of America (2019); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for (Avvo 2017-2020). Mr. Miles has authored numerous publications advocating for shareholdings including most recently: Free Portfolio Monitoring Services Offered by Plaintiff Securities Firms Provides Significant Benefits To Investors (Timothy L. Miles, Dec. 3, 2019).
Contact:
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
124 Shiloh Ridge
Hendersonville, TN 37075
Telephone: (855-846-6529)
Email: tmiles@timmileslaw.com Website: www.timmileslaw.com
SOURCE: The Law Offices of Timothy L. Miles
Leading the Fight to Protect Shareholder Rights for Over 19 Years
Timothy Lee. Miles
Law Offices Of Timothy L. Miles
+1 615-587-7384
email us here
Visit us on social media:
Facebook
LinkedIn
WATCH NOW: Nationally Recognized Shareholder Rights Attorney Timothy L. Miles Has Achieved the Recognition of American’s Most Honored Lawyers 2020 - Top 1% at https://www.youtube.com/watch?v=-lO_XgfxOrk&feature=youtu.be
1 http://www.timmileslaw.com
2 https://www.youtube.com/watch?v=-lO_XgfxOrk&feature=youtu.be
3 https://www.linkedin.com/pulse/free-portfolio-monitoring-services-offered-plaintiff-securities/?trackingId=Vd05Kcr%2B4StiXgi%2FleEeaA%3D%3D