An investigation was announced for investors in shares of Nobilis Health Corp (NYSEMKT:HLTH) concerning potential breaches of fiduciary duties by certain Nobilis Health directors.
Investors who are current long term investors in Nobilis Health Corp (NYSEMKT:HLTH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in Nobilis Health Corp (NYSEMKT:HLTH stocks follows a lawsuit filed recently against Nobilis Health Corp (NYSEMKT:HLTH over alleged securities laws violations. The investigation on behalf of current long term investors in Nobilis Health Corp (NYSEMKT:HLTH stocks, concerns whether certain Nobilis Health Corp (NYSEMKT:HLTH officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that defendants made certain allegedly false and/or misleading statements and/or allegedly failed to disclose that Nobilis Health Corp claimed success rates for its AccuraScope procedure which lacked recognition from any university, medical body, or insurance company, that Nobilis Health Corp had overstated its 2014 revenues by as much as $36 million, that consequently, Nobilis Health Corp had misrepresented its 2014 revenue growth rate as 161%, when it was actually only 44%, and that as a result of the foregoing, Nobilis Health Corp’s public statements were materially false and misleading at all relevant times.
On October 9, 2015, a report was published on Nobilis Health Corp asserting, among other things, accounting red flags, questionable marketing practices and substantial insider sales. Shares of Nobilis Health Corp declined to as low as $3.43 per share on October 12, 2015.
On January 22, 2016, NYSEMKT:HLTH shares closed at $2.13 per share.
Those who purchased shares of Nobilis Health Corp (NYSEMKT:HLTH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com