NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Tenet Healthcare Corp. (NYSE:THC) resulting from allegations that Tenet may have issued materially misleading business information to the investing public.
On October 3, 2016, Tenet disclosed that it would pay 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 subsidiaries will plead guilty to one count of conspiracy to violate federal kickback laws. On this news, shares of Tenet fell $0.91 per share or over 4% to close at $21.57 per share on October 3, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Tenet investors. If you purchased shares of Tenet on or before October 3, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-963.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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