Fabric Genomics & Pomerantz LLP

Fabric Genomics: Fabric Genomics was acquired by GeneDx Holdings Corporation, and its viability and importance were allegedly misrepresented, leading to a significant impairment loss for GeneDx Holdings Corporation and contributing to the securities fraud allegations.

Pomerantz LLP: Pomerantz LLP is a law firm that has filed class action lawsuits against both GeneDx Holdings Corporation and BitGo, representing investors who suffered losses.

Fabric Genomics: Fabric Genomics is the acquired company at the center of the alleged misrepresentations. GeneDx Holdings Corporation recorded a $31.2 million impairment loss, wiping out about 94% of the cash paid for it. The acquisition's failure is the core issue in the lawsuit.

Pomerantz LLP: Pomerantz LLP has filed a class action lawsuit against GeneDx Holdings Corporation, alleging securities fraud. The firm is representing investors who purchased GeneDx Holdings Corporation securities during the class period.