Glancy Prongay & Murray LLP Continues Investigation on Behalf of Cancer Genetics, Inc. Investors (CGIX)
CANCER GENETICS (CGIX)
Last cancer genetics earnings: 11/19 04:16 pm
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US:NASDAQ Investor Relations:
ir.cancergenetics.com
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Cancer Genetics, Inc. (“Cancer Genetics” or the “Company) (NASDAQ: CGIX) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Cancer Genetics investigation page on our website at www.glancylaw.com/case/cancer-genetics-inc. On April 2, 2018, the Company reported that following the departure of its former CEO, it undertook a “comprehensive and extensive review” of its strategy and organization. As a result, the Company recorded a bad debt expense of $4.4 million and wrote off $1.8 million of its accounts receivable in the fourth quarter of 2017, largely related to “collection issues” with respect to the accounts receivable recorded subsequent to the Company’s 2015 acquisition of Resp
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