The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NMC Health Plc (NMC Health or the Company) (OTC: NMHLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between March 13, 2016 and March 10, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before May 11, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at email@example.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. NMC Health failed to maintain effective internal controls. The Company engaged in numerous related-party transactions. The Company understated its debts while simultaneously overstating its cash-on-hand. NMC Healths principal shareholders did not accurately report their interest in the Company, which did not review the ownership stakes of these principal shareholders, and therefore could not enforce its Relationship Agreement with them. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about NMC Health, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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