NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Tenet Healthcare Corp. (“Tenet Healthcare” or the “Company”) (NYSE:THC) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 3, 2016, Tenet Healthcare revealed that it would pay $514 million to state and federal governments to settle allegations that the Company’s hospitals in Georgia and South Carolina paid kickbacks for obstetric referrals. Under the terms of the settlement, two Tenet subsidiaries will plead guilty to one count of conspiracy to violate federal kickback laws. Following this news, Tenet stock dropped $0.91 per share, or 4.02%, to close at $21.75 on October 3, 2016. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.