Nutex Health (US:NUTX) Globenewswire·2025-10-16 20:00Core Viewpoint - Nutex Health Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its financial practices and internal controls [3][4]. Summary by Sections Allegations - The lawsuit claims that Nutex Health, through its third-party vendor HaloMD, engaged in fraudulent activities to defraud insurance companies, leading to unsustainable revenue [3]. - It is alleged that Nutex overstated its ability to remediate weaknesses in its internal financial controls, affecting its accounting for stock-based compensation [3]. - The company reportedly misclassified stock-based compensation obligations as equity instead of liabilities, increasing the risk of delayed financial reporting to the SEC [3]. Class Period and Deadlines - The class period for the lawsuit is from August 8, 2024, to August 14, 2025 [3]. - Shareholders are encouraged to register for the class action by October 21, 2025, to participate in potential recovery [4]. Next Steps for Shareholders - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - There is no cost or obligation for shareholders to participate in the lawsuit [4]. Law Firm Information - The Gross Law Firm is leading the class action and is recognized for protecting investors' rights against deceit and fraud [5].