LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Tenet Healthcare Corp. (“Tenet” or the “Company”) (NYSE: THC) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 3, 2016, Tenet revealed that it would pay $514 million to federal and state governments in order to settle claims 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.
On this news, Tenet's share price fell over 4%, to close at just $21.75 per share on October 3, 2016.
If you purchased Tenet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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