SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

November 05, 2015 14:23 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Nobilis Health Corp. of Class Action Lawsuit and a Lead Plaintiff Deadline of December 21, 2015 -- HLTH

NEW YORK, NY--(Marketwired - Nov 5, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Nobilis Health Corp. ("Nobilis") (NYSE MKT: HLTH) between April 2, 2015 and October 8, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of Texas on behalf of Nobilis shareholder. If you purchased or otherwise acquired Nobilis securities between April 2, 2015 and October 8, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/nobilis-health

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that defendants failed to disclose during the Class Period that the Company's claimed success rates for its AccuraScope procedure lacked recognition from any university, medical body, or insurance company, that the Company overstated its 2014 revenues by as much as $36 million, and that, as a result of the aforementioned, the Company's 2014 revenue growth rate was actually 44% as opposed to the 161% represented by the Company.

On October 9, 2015, Seeking Alpha published a report on Nobilis asserting, among other things: accounting red flags, questionable marketing practices and substantial insider sales. Shares have fallen from a closing price of $5.24 per share on October 8, 2015, to a close of just $3.06 per share on October 28, 2015.

If you suffered a loss in Nobilis you have until December 21, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com