TIVITY HEALTH INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Tivity Health, Inc. - TVTY
Tivity Health, Inc. (TVTY)
Last tivity health, inc. earnings: 2/19 04:03 pm
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Tivity Health, Inc. (NasdaqGS: TVTY). On November 6, 2017, a press release issued by United Healthcare (“UHC”), one of the Company’s most important health plan customers and the second largest in terms of revenue in 2016, announced the expansion of its fitness benefits to customers in 11 states, at no addition cost, through a program that would compete directly with Tivity’s flagship fitness product, which contradicted prior statements made by the Company regarding the status of its ongoing relationship with UHC. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Clas
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