On October 3, 2016, the Texas based company, Tenet Healthcare Corp. revealed that it would pay states and federal government $514 million to settle allegations that the Company's hospitals in Georgia and South Carolina paid kickbacks for obstetric referrals. Under 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.
If you are aware of any facts relating to this investigation, or purchased shares of Tenet, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/thc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
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