|Company Name||Oak Street Health, Inc.|
|Class Period||August 6, 2020 to November 8, 2021|
|Motion Deadline||March 14, 2022|
The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Oak Street Health, Inc. (NYSE: OSH). The case is currently in the lead plaintiff stage. Investors who purchased OSH securities between August 6 2020, and November 8, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email email@example.com or call 617-531-3917.
The case alleges that Oak Street Health and its senior executives made misleading statements to investors and failed to disclose that: (i) Oak Street Health maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny; (ii) Oak Street Health was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny; (iii) these activities may be violations of the False Claims Act; (iv) as such, Oak Street Health was at heightened risk of investigation by the DOJ or other federal law enforcement agencies; and (v) as a result, Oak Street was subject to adverse impacts related to defense and settlement costs and diversion of management resources. The complaint alleges that after disclosing the DOJ investigation, Oak Street Health’s stock price fell $9.75 per share on November 9, 2021.
Interested Oak Street Health investors have until March 14, 2022 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.
Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
A class action lawsuit has been filed on behalf of investors in Oak Street Health, Inc. (OSH) securities.
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