The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tivity Health, Inc. (NASDAQ: TVTY) who purchased shares between March 8, 2019 and February 19, 2020. The action, which was filed in the United States District Court for the Middle District of Tennessee, alleges that the Company violated federal securities laws.
In particular, the Tivity lawsuit alleges that (i) following the Nutrisystem Acquisition, Tivity’s Nutrition segment faced significant operational challenges; (ii) the foregoing would foreseeably have a significant impact on Tivity’s revenues; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until April 27, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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