A lawsuit was filed on behalf of investors in Nobilis Health Corp. (OTC: HLTH) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/10/2019 -- An investor in shares of Nobilis Health Corp. (OTC: HLTH) filed a lawsuit against Nobilis Health Corp. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Nobilis Health Corp. (OTC: HLTH) have certain options and for certain investors are short and strict deadlines running. Deadline: February 12, 2019. OTC: HLTH investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Houston, TX based Nobilis Health Corp. owns and manages ambulatory surgical centers (ASCs), and acute-care and surgical hospitals in the United States. It operates through two segments, Medical Services and Marketing. On November 9, 2018, Nobilis Health Corp announced that it is "re-evaluating the Net Realizable Value on its Accounts Receivable and intends to make a significant adjustment to the carrying value of accounts receivable, primarily on out of network claims greater than 365 days old." Nobilis Health Corp filed for additional time to file its 10-Q for the period ended September 30, 2018 while the Company and the auditor completed their review of the financial statements.
The plaintiff claims that between May 8, 2018 and November 15, 2018, the defendants failed to disclose to investors that the Company's accounts receivable was overstated that, as a result, the Company's revenue was overstated, that, as a result of the required adjustments, the Company's quarterly report would not be timely filed, that, as a result, the Company would not be in compliance with NYSE listing requirements, 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 Nobilis Health Corp. (OTC: HLTH) have certain options and should contact the Shareholders Foundation.
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