SHAREHOLDER ALERT: Holzer & Holzer Announces a Class Action Was Filed on Behalf of Fulgent Genetics (FLGT) Investors and Encourages Investors With Significant Losses to Contact the Firm

Atlanta, Georgia--(Newsfile Corp. - September 21, 2022) - Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Fulgent Genetics, Inc. ("Fulgent Genetics" or the "Company") (NASDAQ: FLGT). The lawsuit alleges Fulgent Genetics made materially false and misleading statements and/or failed to disclose material adverse facts about its business, operations, and compliance policies, including: (1) Fulgent Genetics had been conducting unnecessary laboratory testing, engaging in improper billing practices, and providing or receiving remuneration in violation of the Anti-Kickback Statute and Stark Law; (2) accordingly, the Company was likely to become subject to enhanced legal and regulatory scrutiny; (3) the Company's revenues, to the extent they were derived from the unlawful conduct, were unsustainable; and (4) the foregoing, once revealed, was likely to subject Fulgent Genetics to significant financial and/or reputational harm.

If you bought shares of Fulgent Genetics between March 22, 2019 and August 4, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm's website at https://holzerlaw.com/case/fulgent-genetics/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is November 21, 2022.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, https://holzerlaw.com/ and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137968