NEW ORLEANS, October 28, 2022 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Associates, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have up November 7, 2022 Lead Plaintiff’s Motions in a Securities Class Action Against Sema4 Holdings Corp. SMFR SMFRW))) if they have bought the company’s securities between March 14, 2022 and August 15, 2022, inclusive (the “Class Period”). This action is pending in The United States district court Connecticut.
What you can do
If you have purchased Sema4 securities and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn toll-free at no obligation or cost to you at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-smfr/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court November 7, 2022.
About the lawsuit
Sema4 and certain of its officers are accused of failing to disclose material information during the Class Period in violation of federal securities laws.
On August 15, 2022Following the IPO, the company announced that its president and chief R&D officer were stepping down from those roles, that it was shedding approximately 13% of its workforce in a series of restructuring and corporate realignments, and that it was “vice versa.” $30.1 million of revenue for the quarter relative to prior periods” in connection with negotiations with “one of [Sema4’s] major commercial payers regarding the potential repayment of payments for Sema4 carrier screening services rendered from 2018 through early 2022.”
The shares of Sema4 fell due to this news $0.80or 33.3% to close $1.60 per share August 16, 2022on unusually strong trading volume.
The case is Helo vs. Sema4 Holdings Corp., et al., Case number 22-cv-01131.
About Kahn Swick &…
