RADNOR, Pa., Jan. 06, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Laboratory Corporation of America Holdings (: LH) (“Labcorp”).
Labcorp is an independent clinical laboratory company that offers various tests, including blood chemistry analyses, urinalyses, and blood cell counts. Specifically, Labcorp’s products include a prenatal blood test that purportedly detects developmental problems in the DNA of a fetus with remarkable accuracy.
On January 1, 2022, The New York Times published an article questioning the accuracy of Labcorp’s prenatal blood tests. Specifically, the article indicated, among other things, that the positive results of the prenatal blood tests offered by Labcorp are “incorrect about 85 percent of the time.” Additionally, the article revealed that “patients who receive a positive result are supposed to pursue follow-up testing,” but that such tests “can cost thousands of dollars, come with a small risk of miscarriage and can’t be performed until later in pregnancy.”
Following this news, Labcorp’s stock fell $16.03, or 5%, to close at $298.18 per share on January 3, 2022.
If you are a Labcorp investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at [email protected].
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
[email protected]
