Shareholders of of Tenent Healthcare Corporation may have potential claims related to the company’s acquisition by Community Health Care.
According to a complaint filed in the United States District Court for the Northern District of Texas, Tenet seeks to compel Community Health Systems, Inc. to make certain disclosures to its shareholders, and alleged that Community Health Care or CHS, failed to disclose its improper business practices and substantial liabilities, CHS has made false and misleading statements and material omissions to its own shareholders.
CHS Makes False & Misleading Statements
Now, as CHS attempts to acquire Tenet for $6.00 per share, $1.00 of which would be paid in CHS stock to Tenet’s shareholders, CHS is making false and misleading statements to Tenet’s shareholders in the hope that they will exert pressure upon Tenet to accept an inadequate offer, or elect CHS-nominated directors who will approve a transaction with CHS.
Guiliano Law Firm
The practice of Nicholas J. Guiliano, Esq., and The Guiliano Law Firm, P.C., is limited to the representation of investors in claims for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost to unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.