Thieler Law Corp advises investors with losses exceeding $100,000 of the April 27, 2020 lead plaintiff deadline in a class action lawsuit filed against Tivity Health Inc (NASDAQ:  TVTY) (“Tivity” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Tennessee and investors, who purchased Tivity Health Inc securities between March 8, 2019 and February 19, 2020, have until April 27, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Tivity Health Inc 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 following the Nutrisystem acquisition, Tivity’s Nutrition segment faced significant operational challenges; the foregoing would foreseeably have a significant impact on Tivity’s revenues; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On February 19, 2020, the Company revealed its financial fourth quarter and full year 2019 results. Tivity revealed its fourth-quarter net loss of more than $323 million, a $137 million charge to goodwill and a $240 million impairment charge to the Nutrisystem brand. Tivity also announced the resignation of CEO Donato Tramuto.

On this news, NASDAQ:  TVTY fell roughly 45.5% on February 20, 2020.

If you were negatively impacted by your investment in Tivity Health Inc securities between March 8, 2019 and February 19, 2020 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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