New York, Nov. 21, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Central District of California, case number CV 02-8889(DT), on behalf of all persons or entities who purchased or otherwise acquired Tenet Healthcare Corp. ("Tenet" or the "Company") securities (NYSE:THC) between October 3, 2001 and October 31, 2002, both dates inclusive (the "Class Period"). Tenet Healthcare Corp., Jeffrey C. Barbakow, and David L. Dennis, are named as defendants in the Complaint.
To discuss this action, this announcement, or your rights or interests, please contact plaintiff's counsel, Eric J. Belfi or Sharon Lee, Rabin & Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682-1892, or by e-mail at email@rabinlaw.com.
The Complaint charges Tenet and certain of its officers and directors with violations of the Securities Exchange Act of 1934. In particular, plaintiff claims that defendants made material misstatements and omissions regarding false billing and unnecessary procedures by doctors at one of Tenet's hospitals. Plaintiff also alleges that Tenet's reported financial results during the Class Period were false and misleading, in violation of generally accepted accounting principles, and which caused Tenet's stock price to become artificially inflated, inflicting damages on investors thereby.
Plaintiff is represented by the law firm of Rabin & Peckel LLP. Rabin & Peckel LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than thirty years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States. You can learn more information about Rabin & Peckel LLP at www.rabinlaw.com.
If you purchased or otherwise acquired Tenet securities during the Class Period described above, you may, no later than December 31, 2002, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. You can join this action as a lead plaintiff online at www.rabinlaw.com. Contact plaintiffs' counsel Eric J. Belfi or Sharon Lee of Rabin & Peckel LLP to further discuss this action, this announcement, or your rights or interests.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.