RADNOR, PA – January 15, 2025 (NEWMEDIAWIRE) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of federal securities laws on behalf of investor TransMedics Group (NASDAQ: ), Inc. (NASDAQ: ™DX) (TransMedics).
On January 10th, 2025 Scorpion Capital released a short report on the seller of TransMedics. Specifically, the report alleges irregularities in TransMedics’ business practices, including fraudulent billing schemes, unspecified misuse of its devices, and reliance on commissions to drive sales. The report also highlighted ongoing regulatory scrutiny, with reports of DOJ, IRS and attorney general investigations into Medicare fraud related to organ procurement costs. In addition, the report makes claims regarding customer dissatisfaction, including prominent transplant centers that stopped using TransMedics devices citing concerns about their clinical value.
In response, TransMedics’ share price fell more than 13% over multiple trading days.
If you are a TransMedics investor and would like to learn more about our investigation, CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or email info@ktmc.com. You can also click or paste the following link into your browser: https://www.ktmc.com/transmedics-group-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=tmdx&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts nationwide involving securities fraud, breach of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraud against the government and participate in recovering government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
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