PR Newswire | Sep 16, 2020 03:01PM EDT

Investors of Nano-X Imaging Ltd. - NNOX

09/16 14:01 CDT

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Nano-X Imaging Ltd. - NNOX NEW YORK, Sept. 16, 2020

NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Nano-X Imaging Ltd. ("Nano-X" or the "Company") (NASDAQ: NNOX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Nano-X and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On September 15, 2020, Citron Research ("Citron") published a report entitled "Nano-X Imaging (NNOX) A Complete Farce on the Market." The Citron report described a series of red flags surrounding Nano-X, with Citron ultimately concluding that "this $3 billion company is 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."

Following the publication of the Citron report, Nano-X's stock fell $11.21or 22.77% to close at $38.00 on September 15, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:Robert S. WilloughbyPomerantz LLP rswilloughby@pomlaw.com

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SOURCE Pomerantz LLP