Robbins Arroyo LLP: Nobilis Health Corp. (HLTH) Sued for Misleading Investors

Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Nobilis Health Corp. (NYSE: HLTH) filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between May 8, 2018 and November 15, 2018. Nobilis Health owns and manages specialty surgical hospitals, ambulatory surgery centers, and multispecialty clinics.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/nobilis-health-corp-jan-2019-2/

Nobilis Health Accused of Filing Inaccurate Financial Statements

According to the complaint, Nobilis failed to disclose that its accounts receivable and revenue were overstated and would need re-evaluation and adjustment. Nobilis began to reveal the extent of its financial mishaps on August 2, 2018, when the company reported that its revenue for 2Q18 was reduced due to a $2.4 million adjustment to its accounts receivable. Then, on November 9, 2018, Nobilis filed for additional time to complete its Form 10-Q while Nobilis and its auditor completed their review of the company's financial statements. Just three days later, Nobilis admitted that the company was not in compliance with the NYSE's listing requirements. Since Nobilis' troubles became public, the company's stock has declined nearly 60% and currently trades at $0.46 per share.

Nobilis Health Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.

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