Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tenet Healthcare Corp. ("Tenet" or the "Company") (NYSE: THC). Investors who purchased or otherwise acquired Tenet shares between February 26, 2013 and September 30, 2016 inclusive (the "Class Period"), are encouraged to contact the firm in advance of the December 6, 2016 lead plaintiff motion deadline. If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to 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 firstname.lastname@example.org. 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. The complaint alleges that during the Class Period, 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 U.S. Securities and Exchange Commission, announcing that the Company finalized the agreement in principle announced on August 1, 2016. When this news was announced to the public, shares of Tenet fell in value, causing investors harm.