NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Universal Health Services, Inc. (NYSE:UHS) resulting from allegations that Universal Health may have issued materially misleading business information to the investing public.
On December 7, 2016, BuzzFeed published a report detailing its year-long investigation into Universal Health, which was “…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 stated 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.” On this news, shares of Universal Health fell $15.01 per share or nearly 12% to close at $111.36 per share on December 7, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Universal Health investors. If you purchased shares of Universal Health please visit the firm’s website at http://www.rosenlegal.com/cases-1008.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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