Lost Money on GeneDx Holdings Corp. (WGS)? Contact Levi & Korsinsky Before August 3, 2026 to Join Class Action
NEW YORK, NY / ACCESS Newswire / June 12, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired GeneDx Holdings Corp. (NASDAQ:WGS) securities.
If you suffered a loss on your GeneDx Holdings Corp. investment and would like to explore a potential recovery under the federal securities laws, Learn about GeneDx Holdings Corp. Class Action or contact Joseph E. Levi, Esq. via email at [email protected] or call to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against GeneDx Holdings Corp. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between April 16, 2025 and May 4, 2026.
CASE DETAILS: According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that: Throughout the class period, WGS repeatedly made statements that would have caused the average investor to believe that the Fabric acquisition would improve the Company's financials and create efficiencies between it and the Company's core business. These statements include such statements such as: "There is room to run in terms of reducing COGS in the future by combining the best of capability between GeneDx and Fabric as we lean into the best possible algorithms to optimize dry lab processes." These and similar statements made throughout the Class Period were false. In truth, defendants knew of, or recklessly disregarded, significant problems in Fabric's viability that would negatively impact WGS's overall business and operations. As a result, the Company's statements concerning its business, operations, and prospects lacked a reasonable factual basis, and shares of WGS common stock traded at artificially inflated prices during the Class Period.
WHAT'S NEXT? If you purchased GeneDx Holdings Corp. stock during the relevant time frame - even if you still hold your shares, learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP