Class Action Reports

OSH Class Action: Learn About the Oak Street Lawsuit

Levi & Korsinsky, LLP

January 17, 2022

Levi & Korsinsky, LLP announces that an OSH class action lawsuit has been filed on behalf of investors who purchased Oak Street Health, Inc. (OSH) securities between August 6, 2020, and November 8, 2021. For more on the OSH Lawsuit please contact us today.

 

 

 

According to the Oak Street lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that Oak Street maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny; (2) that Oak Street was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny; (3) that these activities may be violations of the False Claims Act; (4) that, as such, Oak Street was at heightened risk of investigation by the U.S. Department of Justice and/or other federal law enforcement agencies; (5) that, as a result, Oak Street was subject to adverse impacts related to defence and settlement costs and diversion of management resources; and (6) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE OSH CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Oak Street you have until March 14, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com