SHAREHOLDER DEADLINE NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Tivity Health, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / February 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tivity Health, Inc. ("Tivity" or "the Company") (NASDAQ:TVTY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Tivity announced its fourth quarter and full-year 2019 financial results on February 19, 2020. The Company disclosed a fourth-quarter net loss of more than $323 million, a $137 million charge to goodwill, and a $240 million impairment charge to the Nutrisystem brand. The Company also admitted that CEO Donato Tramuto had resigned. Based on this news, shares of Tivity dropped by nearly 45.5% the next day.
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The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm