NEW YORK, Oct. 5, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Tenet Healthcare
Corp. ("Tenet" or the "Company") (NYSE: THC) (ISIN: US88033G4073).
Investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether Tenet and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
[Click here to join a class action]
On October 3, 2016, Tenet
disclosed that it would pay $514
million to the federal government and state governments to
settle allegations that the Company's 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, Tenet's share price fell $0.91, or 4.02%, to close at $21.75 per share on October 3, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP