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Case Status:    SETTLED
On or around 06/06/2023 (Date of last review)

Filing Date: September 16, 2020

According to the Complaint, Nano-X Imaging Ltd. purportedly develops and produces x-ray source technology for the medical imaging industry.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Nano-X’s commercial agreements and its customers were fabricated; (2) Nano-X’s statements regarding its “novel” Nanox System were misleading as the Company never provided data comparing its images with images from competitors’ machines; (3) Nano-X’s submission to the U.S. Food and Drug Administration (“FDA”) admitted the Nanox System was not original; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

On August 30, 2022, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. All future docketing was ordered to be done in the lead case 20-CV-04355.

On October 31, 2022, Lead Plaintiff filed an amended Complaint.

On June 2, 2023, the parties entered into a Stipulation of Settlement.

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