TENET INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Tenet Healthcare Corp...
October 07 2016 - 10:07PM
Business Wire
Former Attorney General of Louisiana, Charles C. Foti, Jr.,
Esq., a partner at the law firm of Kahn Swick & Foti, LLC
(“KSF”), announces that KSF has commenced an investigation into
Tenet Healthcare Corp. (NYSE: THC).
On October 3, 2016, the U.S. Department of Justice announced
that Tenet and two of its hospitals have agreed to pay more than
$513 million and enter guilty pleas to resolve criminal and civil
claims accusing the companies of conspiring to defraud the
government concerning payments of kickbacks to clinics for
referrals of pregnant immigrants, who would falsely be told that
Medicaid would cover the cost of childbirth and newborn care only
if they delivered at a Tenet hospital.
Under the pleas, the subsidiaries will forfeit $145 million,
which is the amount the hospitals netted from Medicare and Medicaid
for services provided to patients referred as part of the scheme.
Tenet will pay $368 million to settle alleged False Claims Act
violations in a whistleblower lawsuit, with the U.S. getting $244
million and the state of Georgia getting most of the remainder.
KSF’s investigation is focusing on whether Tenet’s officers
and/or directors breached their fiduciary duties to Tenet’s
shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its
investigation, or have been a long-term holder of Tenet shares and
would like to discuss your legal rights, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn
(lewis.kahn@ksfcounsel.com).
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161007005150/en/
Kahn Swick & Foti, LLCLewis Kahn, Managing Partner,
1-877-515-1850lewis.kahn@ksfcounsel.com
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