TransMedics Group (TMDX) Plunges Amidst Allegations of Fraud, Organ Trafficking
SAN FRANCISCO, March 17, 2025 (GLOBE NEWSWIRE) -- A class-action lawsuit has been filed against TransMedics Group, Inc. (NASDAQ: TMDX), a medical technology company specializing in organ transplant therapy, alleging that the company and certain executives engaged in fraudulent practices and concealed safety issues. The suit, captioned Jewik v. TransMedics Group, Inc., No. 25-cv-10385 (D. Mass.), represents investors who purchased or acquired TransMedics securities between February 28, 2023, and January 10, 2025.
Hagens Berman is investigating the alleged claims and urges investors who purchased TransMedics shares and suffered substantial losses to submit your losses now.
Lead Plaintiff Deadline: Apr. 15, 2025
Visit:
844-916-0895
The TransMedics Group (TMDX) Class Action
The complaint alleges that TransMedics made false and misleading statements, while failing to disclose crucial information. Specifically, the suit contends that TransMedics used kickbacks, fraudulent overbilling, and coercive tactics to boost business and revenue. Furthermore, it alleges that the company engaged in unsafe practices, concealed safety problems, and generally lacked adequate safety oversight, exposing TransMedics to heightened regulatory risk.
The lawsuit details two events that allegedly disclosed defendants' misconduct to the market that adversely impacted the company's stock price. On February 21, 2024, Representative Paul Gosar issued a letter accusing TransMedics of misappropriating corporate resources. The allegations were subsequently reported by The Daily Caller on February 22, 2024, causing a drop in TransMedics' stock price, according to the complaint.
More recently, on January 10, 2025, activist short seller Scorpion Capital released a report leveling accusations against TransMedics, including overbilling hospitals, coercing customers into using specific services, and providing patients with organs rejected by reputable physicians via doctors allegedly paid by TransMedics.
This report further depressed the company's stock price, the lawsuit claims.
Prominent investor rights firm Hagens Berman Sobol Shapiro LLP is probing whether TransMedics misled investors regarding its sales practices.
'We are looking into claims that TransMedics engaged in improper billing practices and concealed safety issues. These allegations, if true, could have significant implications for both patients and investors,' said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in TransMedics and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now »
If you'd like more information and answers to frequently asked questions about the TransMedics case and our investigation, read more »
Whistleblowers: Persons with non-public information regarding TransMedics should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
Contact:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Newmark Arranges $675 Million Refinancing for Independence Plaza in Manhattan
NEW YORK, June 10, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has arranged a $675 million loan on behalf of Vornado Realty Trust and Stellar Management for the refinancing of Independence Plaza, a 1,328-unit multifamily property located in the Tribeca neighborhood of Manhattan. Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub and Vice Chairman Nick Scribani secured the financing from Deutsche Bank, Wells Fargo, Bank of America and Morgan Stanley. Co-President of Global Debt & Structured Finance Jonathan Firestone and Director John Caraviello also supported the transaction. Independence Plaza is a 1,328-unit residential complex totaling 1.4 million square feet across three 39-story residential towers, a series of townhomes, on-site parking garage and four contiguous blocks of retail frontage. About Vornado Realty Trust (NYSE: VNO)Vornado Realty Trust ("Vornado") is a fully-integrated Real Estate Investment Trust and is a preeminent owner, manager and developer of real estate assets. Vornado's portfolio is concentrated in the nation's key market — New York City — along with premier assets both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 26 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2024. About Stellar ManagementFounded in 1985, Stellar Management is a New York City based real estate investment and management firm. With over 13,000 apartments and nearly three million square feet of office and retail space under the firm's corporate umbrella, Stellar is an active market participant focused exclusively on New York City. Since its inception, Stellar has built its superior track record on owning and managing properties for a diverse array of residential, retail and office users. Stellar Management employs a direct, hands-on approach to value investing by marrying its best-in-class management operation with in-house construction and development teams. The vertical integration of management, development and ownership is a central tenet of the firm's investment and management philosophy and enables Stellar to quality control every step of the design, development and execution process. With a fully integrated real estate platform, Stellar is able to provide stakeholders accountability across the many facets of real estate investment. About NewmarkNewmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit or follow @newmark. Discussion of Forward-Looking Statements about NewmarkStatements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. View original content to download multimedia: SOURCE Newmark Group, Inc. Sign in to access your portfolio
Yahoo
38 minutes ago
- Yahoo
Pre-Market Futures Have Fingers Crossed for Trade Deals
Tuesday, June 10, 2025Pre-market futures are climbing back to early-morning highs at this hour, as the most consequential of new economic reports don't hit the tape until tomorrow and Thursday. Talks resume today in London between the U.S. and China, and a breakthrough on that front in the trade war would be a compelling reason to drive markets the other hand, any reported impasses on this front might be seen as a wet blanket for market growth. We can see by the generally positive daily returns this month that market participants are ready to hear some good news: the Dow is up +2.5% off late-May lows, the S&P is +3.4% over that time, the Nasdaq is +4.2% and the small-cap Russell 2000 +5.3%.Earlier this morning, the latest NFIB Small-Business Index came out for the month of May, looking better than it has in the previous couple months. A headline of 98.8 was 3 points higher than anticipated (95.9 was the consensus estimate), just above the index's long-term average, which reaches back 51 years. The 12 month high was back in December, when this index reached those small-business owners surveyed, uncertainty was still high — likely reflecting the still-murky tariff policy looking forward. We're now within the final month of the 90-day tariff pause, with so far very little progress made. That said, a plurality of owners said taxes, not tariffs or inflation, are the biggest problem facing their businesses currently — 18%. The last time the survey named taxes as the top issue was back in morning brings us the all-important Consumer Price Index (CPI) for May, which is expected to rise steadily month over month by +0.2% and +0.3% on core (stripping out volatile food & energy costs), while the year-over-year Inflation Rate is expected to tick up 10 basis points (bps) to +2.4%, core year over year to +2.9%.Thursday's Producer Price Index (PPI) reported those same +2.4% and +2.9% on core year-over-year rates last month for the wholesale side. Expectations are for month-over-month headline PPI to swing back to positive +0.2% from April's -0.5%, with core expected to fetch +0.3% growth last month, from -0.1% of these would be bad numbers — and there is always a possibility they could surprise to the downside, which would be good for disinflationary aspirations. But should these figures come in as expected, at levels still above the Fed's optimal +2% inflation rate and moving the wrong direction, you can write it in ink that the Fed will not cut interest rates at its next FOMC meeting starting a week from fact, despite early-year projections that the economy would be in a good place to start cutting rates this month, currently it's September that's the odds-on favorite for the first 25 bps rate cut this year. Also, more analysts and economists are projecting no new moves from the Fed's current +4.25-4.50%, which has been in place from December, for the entirety of or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
43 minutes ago
- Yahoo
Warren Buffett Said Apple's Steve Jobs Asked, What Should We Do With 'All This Cash'? — Then Did Nothing That Buffett Told Him What to Do
Long before Warren Buffett became one of Apple's (NASDAQ:APPL) biggest shareholders, he had a rare one-on-one with the company's legendary co-founder—and offered up a piece of financial advice Steve Jobs simply... ignored. In a 2012 interview with CNBC, Buffett shared a surprising weekend phone call he received "one Saturday" from Jobs himself. The Apple CEO opened with a now-iconic question: "We've got all this cash. What should we do with it?" Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Buffett, never short on ideas when it comes to cash, walked Jobs through the standard playbook. "There's only four things you could do," Buffett told CNBC. "Stock buybacks, dividends, acquisitions... and sitting with it." Jobs ruled out acquisitions. He wasn't interested. Buffett then pivoted to buybacks. "I would use it for repurchases if I thought my stock was undervalued," Buffett said he told Jobs. "How do you feel about that?" Jobs didn't hesitate. "I think our stock's really undervalued," he replied. It was trading around $200. Buffett's follow-up was blunt: "Well, you know, what better can you do with your money?" Trending: Maximize saving for your retirement and cut down on taxes: . But Jobs didn't act. "He didn't do anything," Buffett said. "He just liked having the cash." Buffett later learned Jobs had apparently told others that Buffett agreed with doing nothing. "That was not the case," Buffett added with a laugh. Jobs passed away in 2011, and it wasn't until 2012 under Tim Cook's leadership that Apple began a massive buyback program. Over the next decade, Apple would go on to repurchase more than $467 billion in shares—one of the most aggressive capital return programs in corporate history. Buffett, for his part, didn't start buying Apple until Q1 2016, years after that Saturday phone call. At the time, Apple stock traded at about 10 times trailing earnings. Buffett admitted he didn't know much about iPhones, but he understood customer loyalty—and Apple had plenty of it. It paid off. By 2025, Apple is Berkshire Hathaway's largest holding, with about 300 million shares in the portfolio. Even after trimming the position in 2024, it still makes up roughly a quarter of Berkshire's equity has repeatedly praised Tim Cook's leadership. At Berkshire Hathaway's (NYSE:BRK, BRK.B)) 2025 annual shareholders meeting, he stated, "I'm somewhat embarrassed to say Tim Cook has made Berkshire a lot more money than I've ever made for Berkshire." He added, "Nobody but Steve could have created Apple, but nobody but Tim could have developed it like it has." So, what happens when the Oracle of Omaha gives you advice and you ignore it? In Apple's case, things still turned out just fine. But if Jobs had listened back then, Apple might've gotten a head start on making shareholders very, very happy—with no new product launch required. Read Next: Maximize saving for your retirement and cut down on taxes: . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Warren Buffett Said Apple's Steve Jobs Asked, What Should We Do With 'All This Cash'? — Then Did Nothing That Buffett Told Him What to Do originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
