An investor in NYSE:THC filed a lawsuit over alleged violations of Federal Securities Laws by Tenet Healthcare Corp.
Investors who purchased shares of Tenet Healthcare Corp (NYSE:THC) have certain options and for certain investors are short and strict deadlines running. Deadline: December 6, 2016. NYSE:THC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that between February 28, 2012 and October 3, 2016 the defendants made false and/or misleading statements and/or failed to disclose that Tenet Healthcare Corp illegally paid kickbacks to induce the referral of patients to Tenet Healthcare Corp’s hospitals for labor and delivery, that through this scheme, Tenet Healthcare Corp defrauded the Georgia Medicaid program, and that as a result, defendants’ statements about Tenet Healthcare Corp’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On October 3, 2016, Tenet Healthcare Corp (NYSE:THC) disclosed that it would pay states and the federal government $514 million to settle allegations that its hospitals in Georgia and South Carolina paid kickbacks for obstetric referrals. Under the settlement, two T Tenet Healthcare Corp (NYSE:THC) subsidiaries will plead guilty to one count of conspiracy to violate federal kickback laws. Shares of Tenet Healthcare Corp (NYSE:THC) declined to as low as $20.40 per share on October 7, 2016.
Those who purchased NYSE:THC shares 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