DaVita Inc. Investor Investigation Over Possible Violations Of Securities Laws

If you purchased shares of DaVita Inc. (NYSE:DVA), and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
DaVita
Affected Securities: 
NYSE: DVA

San Diego, Oct. 06, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of DaVita Inc. (NYSE: DVA) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DaVita Inc. (NYSE DVA) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding DaVita’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.

DaVita’s annual Revenue rose from $5.26billion in 2007 to $6.44billion in 2010. However its Net Income fell from $422.68million in 2009 to $405.62million in 2010. Additionally despite that DaVita’s second quarter Revenue rose from $1.58billion last year to $1.71billion this year, its second quarter Net Income fell from $107.85million last year to $100.02million for the second quarter in 2011.

Shares of DaVita Inc. (Public, NYSE:DVA) grew from as low as $42.34 in March 09 to as high as $88.67 per share in July 2011.

Since July 2011 NYSE DVA shares fell back to under $60 per share after DaVita Inc disclosed on August 3, 2011 that the United States Attorney’s Office for the District of Colorado has opened a grand jury investigation that encompasses certain activities of DaVita Inc. The company said that it understands that the investigation is at a very preliminary stage, and while its precise scope is unclear, it appears to overlap, at least in part, with the Eastern District of Missouri and OIG Dallas matters previously disclosed by DaVita Inc.