GlobeNewswire Inc | Sep 29, 2020 09:09AM EDT

September 29, 2020

NEW YORK, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Nano-X Imaging Ltd. (Nano-X or the Company) (NASDAQ: NNOX) between August 21, 2020 and September 15, 2020 (the Class Period). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased NNOXsecurities, and/or would like to discuss your legal rights and options please visit Nano-X Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

According to the Complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) Nano-Xs commercial agreements and its customers were fabricated; (2) Nano-Xs statements regarding its novel Nanox System were misleading as the Company never provided data comparing its images with images from competitors machines; (3) Nano-Xs 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 September 15, 2020, Citron Research (Citron) published a report entitled, Nano-X Imaging (NNOX) A Complete Farce on the Market Theranos 2.0, which summarized Nano-X as nothing more than a science project with a simple rendering, minimal R&D, fake customers, no FDA approval, and fraudulent claims that are beyond the realm of possibility.

On this news, Nano-Xs stock price fell $12.41 per share, or more than 25%, over the next two trading days to close at $36.80 per share on September 16, 2020, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than November 16, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesnt require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchasedNano-Xsecurities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/nanoximagingltd-nnox-shareholder-class-action-lawsuit-stock-fraud-308/apply contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named toThe National Law JournalsPlaintiffs Hot List thirteen times and listed inThe Legal 500for ten consecutive years.

ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact InformationMatthew E. GuarneroBernstein Liebhard LLP https://www.bernlieb.com(877) 779-1414MGuarnero@bernlieb.com