The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PROG, CLNC and FLDM

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NEW YORK, NY / ACCESSWIRE / September 28, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies.
There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Progenity, Inc. (NASDAQ:PROG)

This lawsuit is on behalf of all purchasers of Progenity common stock pursuant and/or traceable to the registration statement, as amended, issued in connection with Progenity's June 2020 initial public offering.

Lead Plaintiff Deadline: October 27, 2020

During the class period, Progenity, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) that Progenity had overbilled government payors by $10.3 million in 2019 and early 2020 and, thus, had materially overstated its revenues, earnings and cash flows from operations for the historical financial periods provided in the registration statement; (ii) that Progenity would need to refund this overpayment in the second quarter of 2020 (the same quarter in which the initial public offering was conducted), adversely impacting its quarterly results; and (iii) that Progenity was suffering from accelerating negative trends in the second quarter of 2020 with respect to the Company's testing volumes, revenues and product pricing.

Learn about your recoverable losses in PROG: http://www.kleinstocklaw.com/pslra-1/progenity-inc-loss-submission-form?id=9639&from=1

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