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CYH.US
id: 771

Community Health Systems (CYH) $9.5M Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
M.D. Tennessee
Court
3:19-cv-00461
Case number
21 Feb 2017
Class period Start
27 Feb 2018
Class period End
26 Oct 2023
Claim deadline
Community 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.
Case Status
Accepting Late Claims
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
Plaintiffs
Arun Bhattacharya, Michael Gaviria
Attorneys
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
Cash Settlement Amount

Community Health Systems Inc

Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical ca...

    Ticker
    CYH.US
    ISIN
    US2036681086
    CIK
    1108109
    Sector
    Healthcare
    Industry
    Medical Care Facilities
    Country
    USA
    Address
    4000 Meridian Boulevard, Franklin, TN, United States, 37067