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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 27, 2020 to file lead plaintiff applications in a securities class action lawsuit against Tivity Health, Inc. (NasdaqGS: TVTY).
Tivity and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 19, 2020, the Company announced its financial results for Q4 and YE 2019, disclosing that its “Nutrition segment had a disappointing end to 2019” including “a non-cash impairment charge of $377.1 million,” that contributed to a $272.8 million net loss in the fourth quarter, due to complications in the nutrition business since its acquisition of Nutrisystem in March 2019, and that its Chief Executive Officer had resigned.
On this news, the price of Tivity’s shares plummeted over 45%.
If you purchased securities of Tivity and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Strougo v. Tivity Health, Inc. n, et al, 20cv165.
Click here to read the first filed complaint.