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HBSS Investigates Claims Against GeneDx Holdings (WGS) in Securities Class Action Suit Following Massive Impairment Charge
GlobeNewswire Inc.·
Hagens Berman is investigating a securities class action lawsuit against GeneDx Holdings (NASDAQ: WGS) alleging executives misled investors about the Fabric Genomics acquisition and its synergy potential. The company's stock collapsed 49% on May 5, 2026, following a disastrous Q1 2026 earnings report that included a $31.2 million impairment charge on the Fabric Genomics unit, representing 94% of the acquisition cost. GeneDx also reported a tenfold increase in net loss, missed revenue targets, and slashed 2026 guidance by 12%.
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