A lawsuit was filed on behalf of investors in Oak Street Health, Inc. (NYSE:OSH) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/25/2022 -- An investor, who purchased NYSE: OSH shares, filed a lawsuit against Oak Street Health, Inc. over alleged Securities Laws violations.
Investors who purchased shares of Oak Street Health, Inc. (NYSE: OSH) have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2022. NYSE: OSH investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Chicago, IL based Oak Street Health, Inc., together with its subsidiaries, offers healthcare services to the patients in the United States. On November 8, 2021, after the market closed, Oak Street Health, Inc. disclosed that the U.S. Department of Justice ("DOJ") had launched an investigation into whether the company may have violated the False Claims Act. Oak Street Health, Inc. stated that the DOJ requested "certain documents and information related to the company's relationships with third-party marketing agents and related to the company's provision of free transportation to federal health care beneficiaries."
The plaintiff claims that between August 6, 2020 and November 8, 2021, the Defendants failed to disclose to investors that Oak Street maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny, that Oak Street was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny, that these activities may be violations of the False Claims Act, that, as such, Oak Street was at heightened risk of investigation by the DOJ and/or other federal law enforcement agencies, that, as a result, Oak Street was subject to adverse impacts related to defense and settlement costs and diversion of management resources, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Oak Street Health, Inc. (NYSE: OSH) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.