The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Tivity Health Inc. Investors (TVTY)
21 February 2020 - 8:00AM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Tivity Health, Inc. (“Tivity” or the “Company”) (NASDAQ:
TVTY) investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On February 19, 2020, after the market closed, Tivity announced
its fourth quarter and full year 2019 financial results in a press
release. Therein, the Company reported a fourth quarter net loss of
$323.1 million, a $137.1 million charge to goodwill and $240.0
million impairment charge to the Nutrisystem tradename. Tivity also
announced that its Chief Executive Officer Donato Tramuto had
resigned.
On this news, the Company’s stock price fell as much as $10.13,
or over 44%, during intraday trading on February 20, 2020, thereby
injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Tivity securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200220005895/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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