The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Laboratory Corporation of America Holdings (“Labcorp” or “the Company”) (NYSE: LH) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. A New York Times article published on January 1, 2022, questions the accuracy of noninvasive prenatal tests including those offered by Labcorp. According to the article, the Company’s tests are incorrect up to 85% of the time. False positives result in follow-up testing which "can cost thousands of dollars, come with a small risk of miscarriage and can't be performed until later in pregnancy." This high rate of inaccuracy occurs despite the Company using language stressing the test’s accuracy. Based on this news, shares of Labcorp fell by 5% on January 3, 2022.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220126006079/en/
Contacts:
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
