SAN DIEGO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an update in the lawsuit that is pending for certain investors in Tivity Health, Inc. (NASDAQ: TVTY) shares.
Investors, who purchased shares of Tivity Health, Inc. (NASDAQ: TVTY) in March 2019 or earlier and continue to hold any of those NASDAQ: TVTY shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 25, 2020, a lawsuit was filed against Tivity Health, Inc. over alleged Securities Laws Violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that following the Nutrisystem Acquisition, Tivity's Nutrition segment faced significant operational challenges, that the foregoing would foreseeably have a significant impact on Tivity's revenues, and that as a result, Tivity's public statements were materially false and misleading at all relevant times.
On November 13, 2020, a consolidated complaint was filed and on December 4, 2020, the defendants filed a motion to dismiss the consolidated complaint.
On July 29, 2021, the court issued an order denying defendants' motion to dismiss.
Those who purchased Tivity Health, Inc. (NASDAQ: TVTY) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
