LOS ANGELES–(BUSINESS WIRE)–$SMFR #SMFR—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sema4 Holdings Corp. (“Sema4” or “the Company”) (NASDAQ: SMFR, SMFRW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sema4 announced the departure of its CFO on June 14, 2022. The Company then announced massive changes to its R&D leadership on August 15, 2022. The changes include the departure of the Company’s founder from his role as President and Chief R&D Officer. The Company also announced layoffs and lowered its guidance for fiscal 2022. Based on this news, shares of Sema4 fell by more than 33% on August 16, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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