Nano-X Imaging Ltd. is facing a proposed securities class action in the Eastern District of New York alleging it misled investors about its technology and commercial agreements, leading to a 25% stock drop after an online investment newsletter issued a scathing report.
Named plaintiff Matthew White sued Wednesday on behalf of purchasers of Nano-X securities between Aug. 21, 2020, and Sept. 15, 2020, who suffered a loss when the stock price dropped.
The complaint alleges the company made false and misleading statements to the investing public and to the SEC that artificially inflated its stock value.
The complaint also alleges ...
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