NEW YORK, June 23, 2017 (GLOBE NEWSWIRE) -- Stull, Stull & Brody today announced that complaints have been filed and that it has commenced an investigation relating to the 401(k) defined contribution plan of DaVita Inc. ("DaVita" or the "Company") (NYSE:DVA). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of DaVita's 401(k) plan violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering Company stock as an investment option under the plan when it was not prudent to do so and by failing to disclose the Company's true financial and operating condition to participants and beneficiaries of the plan.
If you held DaVita stock in an individual account under a Company 401(k) plan during 2015 and 2016 and you have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at DVA@ssbny.com, by calling toll-free 1-800-337-4983 x147, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.
A derivative action filed in the U.S. District Court for the District of Delaware focuses on whether, between during 2015 and 2016, defendants used a patient steering scheme to inflate DaVita’s revenues and its stock price while selling their own shares. As a result, DaVita stock allegedly traded at artificially inflated prices.
You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.
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