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Shareholders of Nutex Health Inc. Should Contact The Gross Law Firm Before October 21, 2025 to Discuss Your Rights - NUTX
Prnewswire· 2025-10-20 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of Nutex Health Inc. regarding a class action lawsuit related to misleading statements and financial reporting issues [1][2] - The class period for the lawsuit is from August 8, 2024, to August 14, 2025, during which the company allegedly engaged in fraudulent activities through a third-party vendor, HaloMD [2] - Shareholders are encouraged to register for the class action by the deadline of October 21, 2025, to potentially become lead plaintiffs [3] Allegations Summary - The complaint alleges that Nutex Health Inc. made materially false and misleading statements, including the fraudulent conduct of HaloMD in defrauding insurance companies [2] - It is claimed that revenues from HaloMD's engagement were unsustainable due to the fraudulent nature of the activities [2] - The company reportedly overstated its ability to remediate weaknesses in its internal controls over financial reporting, leading to improper accounting of stock-based compensation obligations [2] Next Steps for Shareholders - Shareholders who purchased shares during the specified class period should register to receive updates and monitor the case's progress [3] - There is no cost or obligation for shareholders to participate in the class action [3] Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [4] - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated stock prices [4]
Class Action Filed Against Nutex Health Inc. (NUTX) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-09-29 12:45
Core Viewpoint - Nutex Health Inc. is facing allegations of issuing materially false and misleading statements during the class period from August 8, 2024, to August 14, 2025, which has led to a class action lawsuit against the company [1]. Group 1: Allegations and Issues - The complaint alleges that Nutex Health's third-party vendor, HaloMD, engaged in fraudulent activities to achieve favorable arbitration results, which inflated the company's revenues [1]. - It is claimed that the revenues from HaloMD's engagement in the IDR process were unsustainable due to the fraudulent nature of the conduct [1]. - The company allegedly overstated its ability to remediate material weaknesses in its internal controls over financial reporting, leading to improper accounting of stock-based compensation obligations [1]. - Nutex is accused of misclassifying stock-based compensation obligations as equity instead of liabilities, increasing the risk of delays in filing financial reports with the SEC [1]. - The allegations suggest that Nutex's business and financial prospects were overstated, making the public statements by the defendants materially false and misleading [1]. Group 2: Class Action Details - Shareholders who purchased shares of Nutex Health during the specified class period are encouraged to register for the class action lawsuit, with a deadline for lead plaintiff appointment set for October 21, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - Participation in the case does not incur any cost or obligation for the shareholders [2].
Investors who lost money on Nutex Health Inc. (NUTX) should contact The Gross Law Firm about pending Class Action - NUTX
Prnewswire· 2025-09-22 12:45
Core Viewpoint - Nutex Health Inc. is facing allegations of issuing materially false and misleading statements during the class period from August 8, 2024, to August 14, 2025, which has led to a class action lawsuit against the company [1]. Summary by Sections Allegations - The complaint alleges that Nutex Health engaged in a coordinated scheme to defraud insurance companies through its third-party vendor HaloMD, resulting in unsustainable revenues [1]. - The company overstated its ability to remediate material weaknesses in its internal controls over financial reporting, leading to improper accounting of stock-based compensation obligations [1]. - Nutex misclassified stock-based compensation obligations as equity instead of liabilities, increasing the risk of failing to file financial reports with the SEC on time [1]. - The allegations suggest that Nutex's business and financial prospects were overstated, making public statements materially false and misleading [1]. Class Action Details - Shareholders who purchased shares of Nutex during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for October 21, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
Nutex Health Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – NUTX
Globenewswire· 2025-09-10 19:54
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Nutex Health Inc. regarding a class action lawsuit due to allegations of misleading statements and fraudulent activities during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that Nutex Health Inc. and its defendants made materially false and misleading statements and failed to disclose critical information during the class period from August 8, 2024, to August 14, 2025 [3]. - Specific allegations include that HaloMD, a third-party vendor, engaged in a scheme to defraud insurance companies, leading to unsustainable revenue for Nutex [3]. - The company is accused of overstating its remediation of material weaknesses in internal controls over financial reporting, which affected its ability to account for stock-based compensation obligations [3]. - As a result of these issues, Nutex improperly classified stock-based compensation obligations as equity instead of liabilities, increasing the risk of delays in filing financial reports with the SEC [3]. Group 2: Class Action Details - Shareholders who purchased shares of Nutex during the class period are encouraged to register for the class action, with a deadline set for October 21, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit and fraud [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [5].