Press release
Investigation for Investors in shares of Oak Street Health, Inc. (NYSE: OSH) announced
An investigation for investors in Oak Street Health, Inc. (NYSE: OSH) shares over potential securities laws violations.
Investors who purchased shares of Oak Street Health, Inc. (NYSE: OSH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Oak Street Health, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chicago, IL based Oak Street Health, Inc., together with its subsidiaries, offers healthcare services to the patients in the United States. Oak Street Health, Inc. reported that its annual Total Revenue rose from $556.6 million in 2019 to $882.76 million in 2020, and that its Net Loss increased from $107.86 million in 2019 to $187.99 million in 2020.
On November 8, 2021, after the market closed, Oak Street Health, Inc. disclosed that the U.S. Department of Justice ("DOJ") had launched an investigation into whether the company may have violated the False Claims Act. Oak Street Health, Inc. stated that the DOJ requested "certain documents and information related to the company’s relationships with third-party marketing agents and related to the company’s provision of free transportation to federal health care beneficiaries."
Shares of Oak Street Health, Inc. (NYSE: OSH) declined from $48.87 per share on November 1, 2021, to $34.97 per share on November 11, 2021.
Those who purchased shares of Oak Street Health, Inc. (NYSE: OSH) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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