If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.This press release may constitute Attorney Advertising in some jurisdictions.
Khang & Khang LLP (the "Firm") announces a class action lawsuit against Tenet Healthcare Corporation ("Tenet" or the "Company") (NYSE: THC). Investors who purchased or otherwise acquired shares between February 28, 2012 and October 3, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the December 6, 2016 lead plaintiff motion deadline. If you purchased shares of Tenet during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org. There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member. The Complaint alleges that 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 SEC, announcing the Company finalized the agreement in principle announced on August 1, 2016. When this information was disclosed, shares of Tenet dropped in value.