Tivity Health Investors Get UHC Competition Class Certified

Tivity Health Inc. investors who allege the company didn’t tell them when one of its biggest clients became a direct competitor won class status after a Tennessee federal district judge rejected challenges to the lead plaintiff based on its later stock purchases.

The health services firm allegedly warned investors of potential competition from customers but didn’t disclose when United Healthcare Inc., which provided a significant share of Tivity’s revenue, actually started a competing program. Lead plaintiff Oklahoma Firefighters Pension and Retirement System satisfied the requirements for class certification, the U.S. District Court for the Middle District of Tennessee said Wednesday. ...