BOSTON, MA / ACCESSWIRE / March 26, 2020 / Thornton Law Firm LLP announces that a lawsuit has been filed against Tivity Health, Inc. on behalf of TVTY shareholders (NYSE:TVTY). Investors who purchased at least 1,000 shares of TVTY stock between March 8, 2019 and February 19, 2020 that are interested to learn more about the case and the lead plaintiff process, are encouraged to visit https://www.tenlaw.com/cases/TVTY. Shareholders may also contact Thornton Law Firm at [email protected], or call 617-531-3917.
Interested TVTY shareholders have until April 27, 2020, to apply to be lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member.
FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/TVTY.
According to the Complaint, Tivity Health, Inc. provides fitness and health improvement programs in the United States. The Company was formerly known as Healthways, Inc. and changed its name to Tivity Health Inc. in January 2017.
In December 2018, Tivity announced that it would acquire Nutrisystem, Inc., a provider of weight management products and services. On March 8, 2019, Tivity announced the completion of the Nutrisystem Acquisition for approximately $1.3 billion in cash and stock.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) following the Nutrisystem Acquisition, Tivity's Nutrition segment faced significant operational challenges; (ii) the foregoing would foreseeably have a significant impact on Tivity's revenues; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you have purchased at least 1,000 shares of TVTY stock (NYSE:TVTY), please contact the Thornton Law Firm's shareholder rights team at [email protected], or call 617-531-3917 to discuss the lead plaintiff process.
FOR MORE INFORMATION: https://www.tenlaw.com/cases/TVTY
Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional 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 shareholders. 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.
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SOURCE: Thornton Law Firm LLP