BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of NantHealth, Inc. (“NantHealth” or the “Company”) (NASDAQ: NH) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 6, 2017, STAT, a news organization focused on medical industry reporting, published an article alleging that NantHealth founder, Patrick Soon-Shiong, had donated $12 million to the University of Utah from three different tax-exempt entities controlled by him under a contract that required the University to funnel most of that money into NantHealth. STAT alleges that the scheme allowed the Company to inflate the number of test orders it reported to investors.
On this news, the Company’s stock price fell approximately 15% during intraday trading on March 6, 2017, injuring investors.
If you purchased NantHealth securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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