A lawsuit was filed on behalf of investors in Tenet Healthcare Corp (NYSE:THC) shares over alleged securities laws violations and NYSE:THC investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/11/2016 -- An investor, who purchased shares of Tenet Healthcare Corp (NYSE:THC), filed a lawsuit in California over alleged violations of Federal Securities Laws by Tenet Healthcare Corp in connection with certain allegedly false and misleading statements.
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 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Tenet Healthcare Corp (NYSE:THC) common shares between February 28, 2012 and October 3, 2016, that the defendants violated Federal Securities Laws. More specifically, 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) closed on October 3, 2016 at $21.33 per share. Shares of Tenet Healthcare Corp (NYSE:THC) declined to as low as $20.40 per share on October 7, 2016.
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