new york ny  accesswire  february 16 2022  bernstein liebhard llp a nationally acclaimed investor rights law firm reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired securities of oak street health inc oak street or the company nyseosh between august 6 2020 and november 8 2021 inclusive the class period the lawsuit was filed in the united states district court for the northern district of illinois and alleges violations of the securities act of 1934 if you purchased oak street securities andor would like to discuss your legal rights and options please visit oak street health inc shareholder class action lawsuit or contact joe seidman toll free at 877 7791414 or seidmanbernliebcom oak street purportedly operates primary care centers within the united states oak street claims that it engages medicare eligible patients through the use of an innovative community outreach approach the company claims it contracts with health plans to generate medical costs savings and realize a return on its investment in primary care as of december 31 2020 oak street claims to have operated 79 centers in 16 markets across 11 states which provided care for approximately 97000 patients according to the complaint defendants made materially false andor misleading statements as well as failed to disclose material adverse facts about the companys business operations and prospects specifically defendants failed to disclose to investors that 1 oak street maintained relationships with thirdparty marketing agents likely to provoke law enforcement scrutiny 2 oak street was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny 3 these activities may be violations of the false claims act 4 oak street was at heightened risk of investigation by the doj andor other federal law enforcement agencies and 5 oak street was subject to adverse impacts related to defense and settlement costs and diversion of management resources on november 8 2021 oak street filed its third quarter quarterly report with the sec on form 10q for the quarter ended september 30 2021 therein the company in relevant part disclosed that on november 1 2021 the company received a civil investigative demand cid from the doj according to the cid the doj was investigating whether the company violated the false claims act the cid also requested documents and information related to oak streets relationships with thirdparty marketing agents and oak streets provision of free transportation to federal health care beneficiaries when this information reached the market the companys share price fell 975 or more than 20 to close at 3714 per share on november 9 2021 on unusually heavy trading volume if you wish to serve as lead plaintiff you must move the court no later than  a lead plaintiff is a representative party acting on behalf of other class members in directing the litigation your ability to share in any recovery doesnt require that you serve as lead plaintiff if you choose to take no action you may remain an absent class member if you purchased osh securities andor would like to discuss your legal rights and options please visit httpswwwbernliebcomcasesoakstreethealthincoshshareholderlawsuitclassactionfraudstock478 or contact joe seidman toll free at 877 7791414 or seidmanbernliebcom since 1993 bernstein liebhard llp has recovered over 35 billion for its clients in addition to representing individual investors the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf as a result of its success litigating hundreds of lawsuits and class actions the firm has been named to the national law journals plaintiffs hot list thirteen times and listed in the legal 500 for ten consecutive years attorney advertising © 2022 bernstein liebhard llp the law firm responsible for this advertisement is bernstein liebhard llp 10 east 40th street new york new york 10016 212 7791414 the lawyer responsible for this advertisement in the state of connecticut is michael s bigin prior results do not guarantee or predict a similar outcome with respect to any future matter