NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Wolf Popper LLP is
investigating potential claims on behalf of investors in Universal
Health Services, Inc. (NYSE: UHS), resulting from a news story
issued by BuzzFeed. UHS investors can contact Fei-Lu Qian at 877.370.7703 or
fqian@wolfpopper.com for more information.
On December 7, 2016, BuzzFeed
published a report on its website detailing its year-long
investigation into UHS's business. BuzzFeed's investigation was
"…based on interviews with 175 current and former UHS staff,
including 18 executives who ran UHS hospitals; more than 120
additional interviews with patients, government investigators, and
other experts; and a cache of internal documents.…" The story also
said "Current and former employees from at least 10 UHS hospitals
in nine states said they were under pressure to fill beds by almost
any method – which sometime meant exaggerating people's symptoms or
twisting their words to make them seem suicidal – and to hold them
until their insurance payments ran out."
On this disclosure, UHS common stock fell $15.01 per share, or nearly 12%, to close at
$111.36 per share on December 7, 2016.
Wolf Popper LLP has extensive experience representing
shareholders in securities class actions. The reputation and
expertise of the firm in representing shareholders has been
repeatedly recognized by the courts, which have appointed the firm
to major positions in securities litigation. See
www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: 877.370.7703
Fax: 877.370.7704
Email: fqian@wolfpopper.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-announces-investigation-of-fraud-claims-on-behalf-of-investors-in-universal-health-services-inc-300374887.html
SOURCE Wolf Popper LLP