NEW YORK, Jan. 9, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at American Renal Associates Holdings, Inc. ("American Renal" or the "Company") (NYSE: ARA).
The investigation focuses on whether the Company and its executives violated federal securities laws by engaging in potentially fraudulent billing practices in order to boost profits.
Specifically, on January 3, 2017, the Company received a subpoena from U.S. Department of Justice, dated December 30, 2016, requesting information relating to: (1) topics related to applicable healthcare laws for period from January 1, 2013 through the present; (2) the Company's interactions with the American Kidney Fund. The American Kidney Fund has come under accusations of steering patients away from Medicare and Medicaid programs into higher paying Affordable Care Act programs.
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If you invested in American Renal stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/ARA. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding American Renal's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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