{"id":2090,"date":"2020-04-13T06:54:16","date_gmt":"2020-04-13T06:54:16","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/"},"modified":"2020-04-13T06:54:16","modified_gmt":"2020-04-13T06:54:16","slug":"berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/","title":{"rendered":"Berger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); Lead Plaintiff Deadline is May 11, 2020"},"content":{"rendered":"

PHILADELPHIA<\/span>, — Berger Montague is investigating securities fraud claims against NMC Health Plc (“NMC” or the “Company”) on behalf of all purchasers of NMC securities, including American Depositary Shares (“ADSs”) (OTC Pink: NMHLY) between March 13, 2016<\/span> and March 10, 2020<\/span><\/strong> (the “Class Period”).<\/p>\n

If you purchased NMC securities, have information, would like to discuss this investigation, or have any questions concerning your rights or interests, please contact our attorneys Benjamin Galdston, Esq.<\/span> at (619) 489-0300 or Andrew Abramowitz, Esq.<\/span> at (215) 875-3015, or visit www.bergermontague.com\/nmc-health.<\/p>\n

According to the lawsuit, throughout the Class Period, NMC made false and\/or misleading statements and\/or failed to disclose that: (1) it lacked effective internal controls and risk management; (2) it engaged in undisclosed and extensive related party and de facto related party transactions; (3) its debts were significantly understated and obfuscated; (4) its cash-on-hand figures were overstated; and (5) it was not enforcing its Relationship Agreement with the principal shareholders and thus improper related party transactions were being conducted.<\/p>\n

On March 10, 2020<\/span>, Bloomberg<\/em> published an article titled “Abu Dhabi Insurer Steps In to Help NMC Health Pay Salaries,” which reported that an insurer in Abu Dhabi<\/span> was assisting the Company in paying its expenses. On this news, the price of NMC’s ADSs fell nearly 64%, or $3.28<\/span> per ADS, to close at $1.85<\/span> per ADS.<\/p>\n

If you purchased NMC securities during the Class Period, you may seek Court appointment as lead plaintiff to represent other injured investors in a class action. The lead plaintiff appointment deadline is May 11, 2020<\/span>.<\/strong> You do not need to be a lead plaintiff to share in any potential Class recovery.<\/p>\n

Whistleblowers: <\/strong>Persons with non-public information regarding NMC Health Plc should consider their options to help Berger Montague’s<\/span> investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of successful recoveries obtained by the SEC. For more information, contact us.<\/p>\n

Berger Montague<\/span>, with offices in Philadelphia<\/span>, Minneapolis<\/span>, Washington, D.C.<\/span>, and San Diego<\/span>, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague<\/span> has represented individual and institutional investors for five decades and serves as lead counsel in courts throughout the United States<\/span>.<\/p>\n

\n

See Campaign: <\/strong>http:\/\/www.bergermontague.com<\/a>
Contact Information:<\/b>
Benjamin Galdston, Shareholder
\nBerger Montague
\n(619) 489-0300
\nbgaldston@bm.net<\/p>\n

Andrew Abramowitz, Senior Counsel
\nBerger Montague
\n(215) 875-3015
\naabramowitz@bm.net<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Legal Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Benjamin Galdston, Shareholder
\nBerger Montague
\n(619) 489-0300
\nbgaldston@bm.net<\/p>\n

Andrew Abramowitz, Senior Counsel
\nBerger Montague
\n(215) 875-3015
\naabramowitz@bm.net<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

PHILADELPHIA, — Berger Montague is investigating securities fraud claims against NMC Health Plc (“NMC” or the “Company”) on behalf of all purchasers of NMC securities, including American Depositary Shares (“ADSs”) (OTC Pink: NMHLY) between March 13, 2016 and March 10, 2020 (the “Class Period”). If you purchased NMC securities, have information, would like to discuss this investigation, or have any questions … Continue reading Berger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); Lead Plaintiff Deadline is May 11, 2020<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12,22,54],"tags":[],"class_list":["post-2090","post","type-post","status-publish","format-standard","hentry","category-english","category-legal-newswire","category-united-states","category-wire"],"yoast_head":"\nBerger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); Lead Plaintiff Deadline is May 11, 2020 - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); Lead Plaintiff Deadline is May 11, 2020 - Business\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, — Berger Montague is investigating securities fraud claims against NMC Health Plc (“NMC” or the “Company”) on behalf of all purchasers of NMC securities, including American Depositary Shares (“ADSs”) (OTC Pink: NMHLY) between March 13, 2016 and March 10, 2020 (the “Class Period”). If you purchased NMC securities, have information, would like to discuss this investigation, or have any questions … Continue reading Berger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); Lead Plaintiff Deadline is May 11, 2020 Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-13T06:54:16+00:00\" \/>\n<meta name=\"author\" content=\"Charles Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charles Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/04\/13\/berger-montague-investigates-securities-fraud-class-action-claims-against-nmc-health-plc-otc-pink-nmhly-lead-plaintiff-deadline-is-may-11-2020\/\",\"name\":\"Berger Montague Investigates Securities Fraud Class Action Claims Against NMC Health Plc (OTC Pink: NMHLY); 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