ARDT Investors Have Opportunity to Lead Ardent Health, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Investors who purchased the Company's securities between
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact
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. Ardent did not rely on "detailed reviews of historical collections" to determine what accounts receivable were still collectable, despite its claims to investors. The Company "utilized a 180-day cliff at which time an account became fully reserved," an approach that allowd it to delay recognizing losses on uncollectable accounts. The Company failed to maintain appropriate levels of professional malpractice liability insurance. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Ardent, investors suffered damages.
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