IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Tenet Healthcare Corp. & Encourages...
October 28 2016 - 7:00PM
Business Wire
Lundin Law PC , a shareholder rights firm, announces a class
action lawsuit has been filed against Tenet Healthcare Corp.
(“Tenet” or the “Company”) (NYSE: THC) concerning possible
violations of federal securities laws between February 28, 2012 and
October 3, 2016 inclusive (the “Class Period”). Investors, who
purchased or otherwise acquired shares during the Class Period, are
encouraged to contact the firm in advance of the December 6,
2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the Complaint, Tenet made false and misleading
statements and/or failed to disclose that: the Company illegally
paid kickbacks to induce the referral of patients to Tenet’s
hospitals for labor and delivery; that Tenet defrauded the Georgia
Medicaid program through this scheme; and that as a result of the
above, statements about Tenet’s business, operations and prospects
were materially false and misleading and/or lacked a reasonable
basis at all relevant times.
On August 1, 2016, Tenet announced that it reached an agreement
in principle with federal and state authorities that the Company
would pay nearly $514 million to settle allegations that four Tenet
hospitals in Georgia and South Carolina paid kickbacks for
obstetric referrals. Under the settlement, two Tenet subsidiaries
would plead guilty to one count of conspiracy to violate federal
kickback laws. On October 3, 2016, Tenet issued a press release and
filed a Current Report on Form 8-K with the U.S. Securities and
Exchange Commission, announcing that the Company finalized the
agreement in principle announced on August 1, 2016.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161028005945/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
Tenet Healthcare (NYSE:THC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Tenet Healthcare (NYSE:THC)
Historical Stock Chart
From Apr 2023 to Apr 2024