Renal Clinics Will Pay $4M To Settle Investors' Fraud Claims

Published: 31/01/2018
Renal Clinics Will Pay $4M To Settle Investors' Fraud Claims
Source: WWW.LAW360.COM

Private equity-backed American Renal Associates Holdings Inc. on Wednesday agreed to pay $4 million to a class of shareholders who claimed in Massachusetts federal court that the dialysis clinic operator artificially inflated its stock price and misled investors by making false statements related to allegations of insurance fraud around the time of its 2016 initial public offering.

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