Thieler Law Corp advises investors with losses exceeding $100,000 of the December 6, 2016 lead plaintiff deadline in a class action lawsuit filed against Tenet Healthcare Corp (NYSE:THC) (“Tenet” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Tenet Healthcare Corp securities between February 28, 2012 and October 3, 2016, have until December 6, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Tenet Healthcare Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Tenet illegally paid kickbacks to induce the referral of patients to Tenet’s hospitals for labor and delivery; through this scheme, Tenet defrauded the Georgia Medicaid program; and as a result, defendants’ statements about Tenet’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On October 3, 2016, Tenet revealed 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. 

Following this news, NYSE:THC price dropped $0.91, or 4.02%, to close at $21.75 per share on October 3, 2016.

If you were negatively impacted by your investment in Tenet Healthcare Corp securities between February 28, 2012 and October 3, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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