LOS ANGELES, CA / ACCESSWIRE / January 20, 2017 / Lundin Law PC, a shareholder rights 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.
To participate in this class action lawsuit, call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at email@example.com.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On December 7, 2016, Buzzfeed issued a report revealing an extensive 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."
The report noted that "[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 information was disclosed to the public, shares of Universal Health fell nearly 12% on December 7, 2016, causing investors serious harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC