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Lawsuit filed for Investors in shares of NMC Health Plc (OTC: NMHLY) over alleged Securities Laws Violations

03-16-2020 05:42 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in NMC Health Plc (OTC: NMHLY) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in NMC Health Plc (OTC: NMHLY) shares over alleged securities laws violations.

An investor, who purchased shares of NMC Health Plc (OTC: NMHLY), filed a lawsuit over alleged violations of Federal Securities Laws by NMC Health Plc.

Investors who purchased shares of NMC Health Plc (OTC: NMHLY) have certain options and for certain investors are short and strict deadlines running. Deadline: May 11, 2020. OTC: NMHLY investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On December 17, 2019, a report was issued stating that there are "serious doubts about the company's financial statements, including its asset values, cash balance, reported profits, and reported debt levels." Shares of NMC Health Plc (OTC: NMHLY) declined from $37.85 per share in September 2019 to as low as $16.36 per share on January 8, 2020.

The plaintiff claims that between March 13, 2016 and March 10, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal controls and risk management, that the Company engaged in undisclosed and extensive related party and de facto related party transactions, that NMC Health Plc's debts were significantly understated and obfuscated, that NMC Health Plc's cash-on-hand figures were overstated, that NMC Health Plc's principal shareholders were not accurately reporting or accounting their interests or stakes in the Company, that NMC Health Plc did not review or know their principal shareholders interests or stakes in the Company, that consequently, the Company was not enforcing its Relationship Agreement with the principal shareholders, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of NMC Health Plc (OTC: NMHLY) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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