IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit Against American Renal Associates Holdi...
September 06 2016 - 6:04PM
Business Wire
Khang & Khang LLP (the “Firm”) announces a class action
lawsuit has been filed against American Renal Associates Holdings,
Inc. (“ARA” or the “Company”) (NYSE: ARA). Investors who purchased
or otherwise acquired shares 1) pursuant and/or traceable to the
Initial Public Offering (“IPO”) on or about April 21, 2016; and/or
2) on the open market between April 21, 2016 and August 18, 2016
(the “Class Period”), should contact the Firm in advance of the
October 31, 2016 lead plaintiff motion deadline.
If you purchased ARA shares 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 by e-mail at joon@khanglaw.com.
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 throughout the Class Period, ARA
issued false and misleading statements to investors and/or failed
to disclose that: the Company was engaged in a fraudulent scheme to
steer patients away from Medicare and Medicaid plans they qualified
for, into more expensive Affordable Care Act plans to obtain
greater reimbursement for its dialysis services; the scheme was in
violation of federal and state laws; and as a result of the above,
the Company’s public statements were materially false and
misleading at all relevant times. When this information was
disclosed, shares of ARA dropped in value, causing investors
harm.
If you wish to learn more about this lawsuit, or if
you have any 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 by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160906006632/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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