LOS ANGELES--(BUSINESS WIRE)--
Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Universal Health Services, Inc. (“Universal Health” or the “Company”) (NYSE: UHS). Investors who purchased or otherwise acquired Universal Health shares between February 26, 2015 and December 7, 2016 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the February 21, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, we encourage you to click here or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Buzzfeed released a report on December 7, 2016 revealing its lengthy investigation into Universal Health, “…based on interviews with 175 current and former UHS staff, including 18 executives who ran UHS hospitals; more than 120 additional interviews with patients, government investigators, and other experts; and a cache of internal documents.” The report mentioned that “[c]urrent and former employees from at least 10 UHS hospitals in nine states said they were under pressure to fill beds by almost any method – which sometimes meant exaggerating people’s symptoms or twisting their words to make them seem suicidal – and to hold them until their insurance payments ran out.” When this was disclosed to the public, shares of Universal Health fell $15.01 per share or nearly 12% to close at $111.36 per share on December 7, 2016, causing investors severe harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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