INVESTOR LOSS ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Universal Health Services, Inc. - UHS
December 07 2016 - 6:44PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces it
is investigating potential securities claims on behalf of
shareholders of Universal Health Services, Inc. (NYSE:UHS)
resulting from allegations that Universal Health may have issued
materially misleading business information to the investing
public.
On December 7, 2016, BuzzFeed published a report detailing its
year-long investigation into Universal Health, which was “…based on
interviews with 175 current and former UHS staff, including 18
executives who ran UHS hospitals; more than 120 additional
interviews with patients, government investigators, and other
experts; and a cache of internal documents.” The report stated that
“[c]urrent and former employees from at least 10 UHS hospitals in
nine states said they were under pressure to fill beds by almost
any method – which sometimes meant exaggerating people’s symptoms
or twisting their words to make them seem suicidal – and to hold
them until their insurance payments ran out.” On this news, shares
of Universal Health fell $15.01 per share or nearly 12% to close at
$111.36 per share on December 7, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by Universal Health investors. If you purchased
shares of Universal Health please visit the firm’s website at
http://www.rosenlegal.com/cases-1008.html for more information. You
may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207006402/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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