SAN DIEGO, CA / ACCESSWIRE / March 20, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit for certain investors in shares of Tivity Health Inc (TVTY) is pending against Tivity Health Inc, formerly Healthways, Inc, over alleged Securities Laws Violations.
On November 20, 2017, a lawsuit was filed against Tivity Health Inc over alleged violations of securities laws. The plaintiff alleges that the defendants issued materially false and/or misleading statements and/or failed to disclose that Tivity Health Inc was aware that its customer United Healthcare, Inc. planned to expand its fitness benefit to seniors, that the aforementioned expansion would represent direct competition to Tivity Health's core program SilverSneaker, and that as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Tivity Health's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On June 4, 2018, an amended complaint was filed and on August 3, 2018, the defendants filed their motion to dismiss the complaint. ON March 18, 2019, the court denied the motion to dismiss the complaint and the case will proceed forward.
Those who purchased Tivity Health Inc (TVTY) shares have certain options and should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
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