A lawsuit was filed by investors in Davita Inc (NYSE:DVA) shares over alleged breaches of fiduciary duty by certain directors and NYSE:DVA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/07/2017 -- An investor in shares of Davita Inc (NYSE:DVA) filed a lawsuit against certain directors of Davita Inc over alleged breaches of fiduciary duties.
Investors who are current long term investors in Davita Inc (NYSE:DVA) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges that certain directors of Davita Inc involved Davita Inc in a scheme to maximize profits by steering people away from government health insurance plans, all while misleading shareholders about profits and making lucrative insider trades for themselves. The plaintiff claims that Davita's chief executive and certain board members and other executives have subjected Davita Inc to three investigations as they allegedly sought to boost revenue with fraudulent insurance practices.
The plaintiff says that certain defendants had a duty not to cause Davita Inc to waste corporate assets by making Davita Inc repurchase its own stock at artificially inflated prices, to the detriment of the company and its shareholders. The actions, the plaintiff claims, involve a knowing and culpable violation of their obligations as directors and officers of Davita Inc, the absence of good faith on their part, or a reckless disregard for their duties to Davita Inc and its shareholders.
Those who purchased shares of Davita Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego