NEW YORK, NY / ACCESSWIRE / November 9, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating Oak Street Health, Inc. (NYSE:OSH) for potential securities violations and breach of fiduciary duty.
In Oak Street Health's Q3 update on Monday, November 8, 2021, the Company revealed that the U.S. Department of Justice (DOJ) is investigating whether it may have violated the False Claims Act and said the DOJ has requested documents and information related to Oak Street providing free transportation to federal healthcare beneficiaries and related to its relationships with third-party marketing agents.
On this news, the stock fell as much as 22% on Tuesday, November 9, 2021, the steepest intraday decline on record for Oak Street, which first sold shares to the public last year.
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If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].
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Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at Labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
[email protected]
SOURCE: Labaton Sucharow LLP