Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Oak Street Health, Inc. (OSH) Investors and Encourages Investors to Contact the Firm Before March 14, 2022 – Lawyer Monthly

NEW YORK-(BUSINESS WIRE)-$OSH-The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of the acquirers of Oak Street Health, Inc. (“Oak Street or the “Company”) (NYSE: OSH) securities from August 6, 2020 through November 8, 2021 (the “Collection Period”). Investors have until March 14, 2022 to petition the court to be named lead plaintiff in the lawsuit.

Oak Street operates primary care centers throughout the United States. Oak Street “engages Medicare-eligible patients through the use of an innovative outreach approach.”

On November 8, 2021, Oak Street filed its third-quarter earnings report with the United States Securities and Exchange Commission (“SEC”) on Form 10-Q for the quarter ended September 30, 2021. announced that on November 1, 2021, the Company received a civil investigation request (“CID”) from the United States Department of Justice (“DOJ”). According to the CID, the DOJ was investigating whether the company violated the False Claims Act. CID is also requesting documents and information related to Oak Street’s relationships with “third party marketing agents” and Oak Street’s “Provision of Complimentary Transportation to Federal Healthcare Beneficiaries.” As a result of this news, the Company’s stock price fell $9.75 per share, or approximately 20.79%, from $46.89 per share to a closing price of $37.14 per share on November 9, 2021.

The Complaint alleges that the Defendants made materially false and/or misleading statements throughout the Class Period and failed to disclose to investors that: (1) Oak Street had relationships with third-party marketing agents that are likely subject to review by the would provoke law enforcement; (2) Oak Street provided free transportation to federal health care beneficiaries in a manner that would attract scrutiny by law enforcement agencies; (3) these activities may constitute violations of the False Claims Act; (4) As such, Oak Street was at increased risk of investigation by the DOJ and/or other federal law enforcement agencies.

If you have purchased or otherwise acquired Oak Street securities, have any information, or would like to learn more about these allegations, please email Thomas W. Elrod of Kirby McInerney LLP at [email protected] or fill out this contact form. to discuss your rights or interests in relation to these matters at no cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm focused on securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities disputes have resulted in recoveries totaling billions of dollars. For more information about the company, visit Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered an attorney’s advertisement in some jurisdictions under applicable laws and ethics rules.

contacts

Kirby McInerney LLP

Thomas W. Elrod, Esq.

https://www.kmllp.com
[email protected]

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