An investigation on behalf of current long term investors in Tenet Healthcare Corp (NYSE:THC) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:THC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/07/2017 -- Certain directors of Tenet Healthcare Corp are under investigation over potential wrongdoing. The investigation was announced for investors in NYSE:THC shares concerning potential breaches of fiduciary duties by certain directors of Tenet Healthcare Corp.
Investors who are current long term investors in Tenet Healthcare Corp (NYSE:THC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for investors in NYSE:THC stocks follows a lawsuit filed recently against Tenet Healthcare Corp over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:THC stocks, concerns whether certain Tenet Healthcare Corp 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 Central District of California the plaintiff alleges that 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) closed on October 3, 2016 at $21.33 per share.
Those who purchased shares of Tenet Healthcare Corp 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