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Tivity Health, Inc. (TVTY)

NASDAQ:TVTY

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Tivity Health, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Tivity Health, Inc. (“Tivity” or the “Company”) (NASDAQ:TVTY) of the January 19, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Tivity stock or options between February 24, 2017 and November 3, 2017 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of all those who purchased Tivity securities between February 24, 2017 and November 3, 2017 (the “Class Period”).  The case, Weiner v. Tivity Health, Inc. et al, No. 3:17-cv-01469 was filed on November 20, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Tivity was aware of United Healthcare’s plan to expand its fitness benefit to seniors; (ii) United Healthcare’s expansion would represent direct competition to Tivity’s core program SilverSneaker; and (iii) as a result, Tivity’s financial statements, as well as its statements about Tivity’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Specifically, on November 6, 2017, United Healthcare issued a press release announcing expansion of its fitness benefits.  Therein, United Healthcare revealed, in part, that in January 2018 it would be expanding its fitness benefit “to people enrolled in eligible UnitedHealthcare Medicare Advantage plans in 11 states through a large network of participating fitness centers.”

On this news, Tivity’s share price fell from $48.05 per share on November 3, 2017 to a closing price of $31.60 on November 6, 2017—a $16.45 or a 34.24% drop.

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  • Case:
    Tivity Health, Inc. (TVTY)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 11/21/2017

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