Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC , a shareholder rights firm, announces a class action lawsuit
has been filed against Tenet Healthcare Corp. (“Tenet” or the “Company”)
(NYSE: THC) concerning possible violations of federal securities laws
between February 28, 2012 and October 3, 2016 inclusive (the “Class
Period”). Investors, who purchased or otherwise acquired shares during
the Class Period, are encouraged to contact the firm in advance of the December
6, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC,
at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
According to the Complaint, Tenet made false and misleading statements
and/or failed to disclose that: the Company illegally paid kickbacks to
induce the referral of patients to Tenet’s hospitals for labor and
delivery; that Tenet defrauded the Georgia Medicaid program through this
scheme; and that as a result of the above, statements about Tenet’s
business, operations and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times.
On August 1, 2016, Tenet announced that it reached an agreement in
principle with federal and state authorities that the Company would pay
nearly $514 million to settle allegations that four Tenet hospitals in
Georgia and South Carolina paid kickbacks for obstetric referrals. Under
the settlement, two Tenet subsidiaries would plead guilty to one count
of conspiracy to violate federal kickback laws. On October 3, 2016,
Tenet issued a press release and filed a Current Report on Form 8-K with
the U.S. Securities and Exchange Commission, announcing that the Company
finalized the agreement in principle announced on August 1, 2016.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005945/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
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