IRVINE, CA / ACCESSWIRE / February 20, 2017 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Universal Health Services, Inc. ("Universal Health" or the "Company") (UHS). Investors, who purchased or otherwise acquired Universal Health shares between February 26, 2015 and December 7, 2016 inclusive (the "Class Period"), are encouraged to contact the firm prior to the February 21, 2017 lead plaintiff motion deadline.
If you purchased shares of Universal Health during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
Buzzfeed issued an article on December 7, 2016 revealing its investigation into Universal Health, "...based on interviews with 175 current and former UHS staff, including 18 executives who ran UHS hospitals; more than 120 additional interviews with patients, government investigators, and other experts; and a cache of internal documents." According to the report, "[c]urrent and former employees from at least 10 UHS hospitals in nine states said they were under pressure to fill beds by almost any method - which sometimes meant exaggerating people's symptoms or twisting their words to make them seem suicidal - and to hold them until their insurance payments ran out." When this was revealed to the public, shares of Universal Health fell $15.01 per share or nearly 12% to close at $111.36 per share on December 7, 2016, causing investors harm.
If you wish to learn more about this lawsuit, at no charge to you, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at email@example.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP