Community Health Systems Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Community Health Systems Inc |
Stock Symbol : | NYSE: CYH |
Class Period Start: | 02/20/2017 |
Class Period End: | 02/27/2018 |
Lead Plaintiff motion: | 07/29/2019 |
Date Filed: | 05/30/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Middle District of Tennessee |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 29, 2019 lead plaintiff deadline in a class action lawsuit filed against Community Health Systems Inc (NYSE: CYH) (“Community Health” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Tennessee and investors, who purchased Community Health Systems Inc securities between February 20, 2017 and February 27, 2018, have until July 29, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Community Health Systems Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Community Health had understated its contractual allowances; Community Health had understated its provision for bad debts; Community Health had overstated its net operating revenue; Community Health had understated its net loss; and as a result of the foregoing, defendants’ positive statements about Community Health’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 27, 2018, Community Health Systems revealed that its fourth quarter 2017 net operating revenues totaled $3.059 billion and were adversely impacted by a $591 million increase in contractual allowances and provision for bad debts. Following this news, NYSE: CYH fell over 17%, closing at $5.12 per share on February 28, 2018. If you were negatively impacted by your investment in Community Health Systems Inc securities between February 20, 2017 and February 27, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |