CYH.US
id: 771, Created by Stan Vick, Scout
Community Health Systems (CYH) $9.5M Shareholder Settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim payout
M.D. Tennessee
Court3:19-cv-00461
Case number21 Feb 2017
Class period Start27 Feb 2018
Class period End26 Oct 2023
Claim deadlineCommunity Health Systems Inc. (CYH) pays $9.5 million to shareholders over class action alleging that:
- the Company had understated its contractual allowances;
- the Company had understated its provision for bad debts;
- as a result, the Company had overstated its net operating revenue;
- as a result, the Company had understated its net loss; and
- as a result of the foregoing, the positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
All who during the period between February 21, 2017, and February 27, 2018, inclusive, purchased or otherwise acquired Community Health Systems, Inc. publicly traded common stock, and were allegedly damaged thereby, may be entitled to a payout.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.19
Filing date
30 May 2019
Lead plaintiff
Arun Bhattacharya, Michael Gaviria
Attorney
Glancy Prongay & Murray, Pomerantz
Defendants
Wayne T. Smith, Larry Cash, Thomas J. Aaron
Judge
Hon. Eli J. Richardson
Administrator
A.B. Data Ltd
Court hearing date
13 October 2023
Exclusion deadline
22 September 2023
Objection deadline
22 September 2023
Hearing deadline
22 September 2023
Trades matching type
FIFO
+$9,500,000
Total Settlement Amount