Kaskela Law LLC Announces Investigation of Oak Street Health, Inc. (NYSE: OSH) and Encourages Long-Term OSH Stockholders to Contact the Firm

Kaskela Law LLC Announces Investigation of Oak Street Health, Inc. (NYSE: OSH) and Encourages Long-Term OSH Stockholders to Contact the Firm

PHILADELPHIA, April 16, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Oak Street Health, Inc. (“Oak Street” or the “Company”) (NYSE: OSH) on behalf of the Company’s long-term shareholders.

Oak Street shareholders who purchased or acquired shares of the Company’s common stock prior to November 8, 2021 are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/oak-street/ , for additional information about this investigation and their legal rights and options.

On November 8, 2021, Oak Street disclosed that it had received a civil investigative demand (“CID”) from the U.S. Department of Justice. According to the Company’s disclosure: (i) “the Department of Justice is investigating whether the Company may have violated the False Claims Act,” and (ii) the CID “requests certain documents and information related to the Company’s relationships with third-party marketing agents and related to the Company’s provision of free transportation to federal health care beneficiaries and requests information and documents related to such matters.”

Following this disclosure, shares of Oak Street’s common stock declined $9.75 per share, or 21% in value, to close on November 9, 2021 at $37.14 per share.

The firm’s investigation seeks to determine whether the members of Oak Street’s board of directors breached their fiduciary duties to the Company and its stockholders in connection with the above alleged misconduct.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about the firm please visit  www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com