Oak Street Health, Inc.
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Oak Street Health, Inc. ("Oak Street") on behalf of stockholders. A class action complaint has been filed against Oak Street, which alleges that defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about Oak Street's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (i) Oak Street maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny; (ii) Oak Street was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny; (iii) these activities may be violations of the False Claims Act; (iv) thus, Oak Street was at heightened risk of investigation by the DOJ and/or other federal law enforcement agencies; (v) as a result, Oak Street was subject to adverse impacts related to defense and settlement costs and diversion of management resources; and (vi) accordingly, defendants' positive statements about Oak Street's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.