CareDx Reforms Get Nod Following $20 Million Investor Class Deal

CareDx Inc. leaders’ agreement to provide several categories of internal reforms has received preliminary approval from a judge who recently signed off on a separate $20 million class settlement on behalf of investors.

New committee activities, trainings, and external review are a fair, reasonable, and adequate way to address allegations that the testing company engaged in allegedly illegal and improper revenue-boosting schemes, Judge Trina L. Thompson said Tuesday for the US District Court for the Northern District of California. The reforms are to be kept in place for four years.

The deal comes in a year that included a high-profile ...