SAN DIEGO, Oct. 17, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California on behalf of certain purchasers of shares of Tenet Healthcare Corp (NYSE:THC) over alleged Securities Laws Violations by Tenet Healthcare. The lawsuit seeks to recover damages for certain NYSE:THC investors.
Investors who purchased shares of Tenet Healthcare Corp (NYSE:THC) have certain options and for certain investors there are short and strict deadlines running. Deadline: December 6, 2016. NYSE:THC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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 disclosed that it would pay certain 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 Tenet Healthcare Corp subsidiaries will plead guilty to one count of conspiracy to violate federal kickback laws.
Those who purchased Tenet Healthcare Corp (NYSE:THC) shares should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.