Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TransMedics Group, Inc. regarding a class action lawsuit alleging fraudulent practices and safety issues during the specified class period [1][2]. Group 1: Allegations Against TransMedics - The complaint alleges that TransMedics engaged in kickbacks, fraudulent overbilling, and coercive tactics to generate business and revenue [1]. - It is claimed that TransMedics engaged in unsafe practices, concealed safety issues, and lacked adequate safety oversight [1]. - The aforementioned practices have subjected TransMedics to increased scrutiny and regulatory risk, leading to materially false and misleading statements about its business and operations [1]. Group 2: Class Action Details - The class period for the lawsuit is from February 28, 2023, to January 10, 2025, and shareholders are encouraged to register for participation [1][2]. - The deadline for shareholders to seek lead plaintiff status is April 15, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
The Gross Law Firm Reminds TransMedics Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 15, 2025 - TMDX