TORONTO, Oct. 23, 2015 /CNW/ - Morganti Legal, a cross-border law firm focused on representing investors, has commenced an investigation into potential violations of securities laws by Nobilis Health Corp. (TSX: "NHC" and NYSE: "HLTH") and certain of its officers in connection with alleged misrepresentations made by the Company in its MD&A and its financial statements in connection with allegations that the Company may have inflated its revenues or otherwise misstated material information in its Securities Filings.
On October 9, 2015, an anonymous report was posted on the popular investing website Seeking Alpha, which amongst other things, called into question the accounting practices of Nobilis Health Corp. and raised issues with the valuation, compensation practices, and forward-looking guidance of the Company. The Report's impact on the market was immediate and significant, resulting in the Company's share price dropping by 27% that same day on both the TSX and NYSE.
Investors who purchased shares in Nobilis Health Corp. before the report's release on October 9th are encouraged to stay informed and protect their rights. You may contact us at (888) 226-0845 or by email at [email protected] for further information.
Morganti Legal is comprised of experienced securities lawyers that investigate, litigate and resolve economic and financial disputes. You may learn more about Morganti Legal at www.morgantilegal.com. The Firm currently represents investors that purchased securities of Allied Nevada Gold Corp, BP plc, Detour Gold Corporation, Ithaca Energy Limited, MDC Partners, Inc., Silvercorp Metals Inc., and Tesco plc.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Trilogy Class Actions
For further information: Eli Karp, Morganti Legal at (888) 226-0845 or by email at [email protected]