NEW YORK - 
(NewMediaWire) - November 19, 2021 - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against CareDx Inc. (“CareDx” or the “Company”) (NASDAQ: CDNA).
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Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On October 28, 2021, in its 10-Q filing, CareDx disclosed that the Department of Justice ("DOJ") issued a civil investigative demand ("CID") "requesting that the Company produce certain documents in connection with a False Claims Act investigation being conducted by the DOJ regarding certain business practices related to our kidney testing and phlebotomy services, and a subpoena from the United States Securities and Exchange Commission (SEC) in relation to an investigation by the SEC in respect of matters similar to those identified in the CID, as well as certain of our accounting and public reporting practices." On this news, the price of the Company's stock declined.
On this news the stock dropped as low as $50.53, a 28% drop from the previous day's closing price.
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