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A Southern District of New York (SDNY) False Claims Act probe that represents a looming and ongoing regulatory uncertainty. Deteriorating revenue on both a Q/Q and Y/Y basis and the further potential for deterioration, given the believed clampdown on non compliant business practices. Since that article, we have come across new signs that BioReference is still in the midst of a major clean up, and that the issues may be more severe than we had originally thought.

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