NEW YORK – January 11, 2025 (NEWMEDIAWIRE) – Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against TransMedics Group (NASDAQ:), Inc. (TransMedics or the Company) (NASDAQ: DX™).
Click here for more information about this investigation
If you are a TransMedics investor and have suffered losses, you can click here to contact us. You can also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On January 10, 2025, Scorpion Capital published a short report titled “Walk Like an Egyptian: A Mafia-Style Extortion, Extortion, and Organ Trafficking Scheme.” medical (TASE:) Device company fueled by kickbacks, billing fraud, unreported device malfunctions, and widespread off-label abuse; The exodus of customers is accelerated and the death spiral quickly unfolds. goal (NYSE:) Price: $0 (report). The report alleges, among other things, fraudulent billing schemes, off-label abuse of its devices, and reliance on kickbacks to drive sales. The report also claims that the company may be subject to regulatory scrutiny by the US Department of Justice, the Internal Revenue Service, and state attorneys general for Medicare fraud related to organ procurement costs.
On this news, TransMedics' stock price fell $3.74, or 5.16%, to close at $68.81 on January 10, 2025.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
Kaplan Fox & Kilsheimer LLP
800 Third Avenue, 38th floor
New York, NY 10022
(646) 315-9003
pmayer@kaplanfox.com
Lawrence D. King
Kaplan Fox & Kilsheimer LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
lking@kaplanfox.com
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