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TransMedics Group, Inc. Faces Class Action Securities Lawsuit
Mar 7, 2025 6:00 PM - Stuart Mooney(Last modified: Mar 10, 2025 2:36 PM)
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- TransMedics Group, Inc. (NASDAQ:TMDX) is involved in a class action lawsuit over alleged unethical practices.
- Shareholders who suffered losses between February 28, 2023, and January 10, 2025, are encouraged to contact Levi & Korsinsky.
- The company's stock has experienced significant volatility, with recent transactions by executives amidst ongoing legal challenges.
TransMedics Group, Inc. (NASDAQ:TMDX) is a medical technology company that focuses on organ transplant systems. The company is currently facing a class action securities lawsuit, with shareholders being urged to contact Levi & Korsinsky by April 15, 2025. The lawsuit alleges unethical practices, including kickbacks and fraudulent overbilling, which have reportedly misled investors about the company's operations and prospects.
Levi & Korsinsky, known for securing significant settlements for shareholders, is representing those affected. Shareholders who experienced losses between February 28, 2023, and January 10, 2025, are encouraged to explore their rights. Participation in the lawsuit is free and without obligation, offering a potential avenue for recovery of losses incurred during the specified period.
On March 3, 2025, Khayal Tamer I, the Chief Commercial Officer of TMDX, sold 2,407 shares at $76.43 each. This transaction is notable given the ongoing lawsuit and the current stock price of $66.66, which has increased by 2.10% or $1.37. The stock has fluctuated between $63.71 and $66.82 during the day, indicating market volatility amid the legal proceedings.
TMDX's stock has seen significant highs and lows over the past year, with a peak of $177.37 and a low of $55. The company's market capitalization is approximately $2.24 billion, and it has a trading volume of 431,698 shares on the NASDAQ exchange. These figures highlight the company's substantial market presence despite the legal challenges it faces.
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