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Nutex Health sued for allegedly fraudulent insurance claims practices.
ByAinvest
Monday, Aug 25, 2025 11:33 am ET1min read
• Nutex Health faces securities class action lawsuit • Allegations of false and/or misleading statements • Claim of fraudulent scheme by HaloMD • Overstated revenue from IDR process • Unremediated material weaknesses in internal controls • Lawsuit filed in US District Court for Southern District of Texas
A shareholder class action lawsuit has been filed against Nutex Health Inc. (NASDAQ: NUTX) in the US District Court for the Southern District of Texas. The lawsuit alleges that Nutex and its executives made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the company's business, operations, and prospects [1].The lawsuit, filed by Holzer & Holzer, LLC, an ISS top-rated securities litigation law firm, alleges several specific claims. It states that HaloMD, a company Nutex engaged with in the IDR (Independent Diagnostic Review) process, was allegedly involved in a coordinated scheme to defraud insurance companies. This scheme is said to have led to unsustainable revenues for Nutex, which were overstated in the company's financial reports [1].
Furthermore, the lawsuit claims that Nutex overstated the extent to which it had remediated, or its ability to remediate, material weaknesses in its internal controls over financial reporting. This, in turn, led to improper accounting for stock-based compensation obligations, which were incorrectly classified as equity rather than liabilities [1].
The lawsuit also alleges that these issues increased the risk that Nutex would be unable to timely file certain financial reports with the SEC, thereby overstating the company's business and financial prospects [1].
Investors who purchased shares of Nutex between August 8, 2024, and August 14, 2025, and experienced significant losses are encouraged to discuss their legal rights with Corey D. Holzer, Esq. at cholzer@holzerlaw.com or by calling (888) 508-6832. The deadline to ask the court to be appointed lead plaintiff in the case is October 21, 2025 [1].
References:
[1] https://www.morningstar.com/news/globe-newswire/9517612/investor-alert-class-action-lawsuit-filed-on-behalf-of-nutex-health-inc-nutx-investors-holzer-holzer-llc-encourages-investors-with-significant-losses-to-contact-the-firm
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