SALT LAKE CITY, June 18, 2020 /PRNewswire/ -- Marcus Neiman
Rashbaum & Pineiro, LLP, Smith Washburn, LLP, and Fasano Law
Firm, PLLC announce they have filed a class action lawsuit (Case
2:20-cv-00368-CMR) in the United
States District Court, District of Utah, Central Division on behalf of purchasers
of the securities of Co-Diagnostics, Inc. (NASDAQ: CODX) between
February 25, 2020 and May 15, 2020, inclusive (the "Class
Period").
The lawsuit seeks to recover damages for Co-Diagnostics, Inc.
investors under the federal securities laws. The complaint
alleges that Defendants made continual, knowing and willful
misstatements about their main product, a COVID-19 diagnostic test,
to pump up the price of Co-Diagnostics, Inc.'s stock while the
officers and directors exercised low priced options and dumped
their stock into the market, in violation of Section 10(b) of the
Exchange Act and Rule 10b-5 as well
as Section 20(a) of the Exchange Act. The claim goes on to say that
the fraudulent misstatements made by Defendants caused investors to
lose millions of dollars.
A class action lawsuit has already been filed. Those interested
in serving as a lead plaintiff must move the Court no later than
August 17, 2020. A lead plaintiff is
a representative party acting on behalf of other class members in
directing the litigation. More information can be found at
www.codxclassaction.com. Those wishing to discuss their
rights or interests regarding this class action can contact
Michael Pineiro, Esq. of
Marcus Neiman Rashbaum &
Pineiro, LLP, at (305) 400-4260 or via e-mail
at info@mnrlawfirm.com or mpineiro@mnrlawfirm.com.
No class has yet been certified in the above action. Until
a class is certified, you are not represented by counsel unless you
retain one. You may retain counsel of your choice. You
may also remain an absent class member and do nothing at this
point. An investor's ability to share in any potential future
recovery is not dependent upon serving as lead plaintiff.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
For more information about the Fasano Law Firm, PLLC please
visit: www.fasanolawfirm.com
For more information about Marcus Neiman
Rashbaum & Pinero, LLP please visit:
http://www.mnrlawfirm.com.
For more information about Smith, Washburn, LLP please visit:
www.smithwashburn.com
View original
content:http://www.prnewswire.com/news-releases/securities-class-action-lawsuit-filed-against-covid-19-test-maker-co-diagnostics-inc-by-marcus-neiman-rashbaum--pineiro-llp-smith-washburn-llp-and-fasano-law-firm-pllc-301079655.html
SOURCE Fasano Law Firm, PLLC