Tenet Brass Knock Back Derivative Suit Over FCA Settlement
By Adam Lidgett (October 12, 2018, 2:54 PM EDT) -- Current and former Tenet Healthcare Corp. board members have won a Texas court ruling that sends shareholders back to the drawing board on claims that the company leaders shirked their fiduciary duties by not stopping a kickback scheme that led to a $513 million False Claims Act settlement.
In a brief ruling Tuesday, 14th Judicial District Judge Eric V. Moyé granted the defendants so-called special exceptions in the derivative suit after they argued investors failed to sufficiently show the board members knew of any misconduct by the company. But the plaintiffs — shareholders the city of Warren Police and Fire Retirement...
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