|Company name||Community Health Systems, Inc.|
|Class period||February 20, 2017 – February 27, 2018|
|Court||Middle District of Tennessee|
NEW YORK, July 23, 2019 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of all persons or entities who purchased or otherwise acquired Community Health Systems, Inc. (NYSE: CYH) securities between February 20, 2017 and February 27, 2018 (the “Class Period”). Investors have until July 29, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, the complaint alleges that defendants failed to disclose to investors that: (1) the company had understated its contractual allowances; (2) the company had understated its provision for bad debts; (3) as a result, the company had overstated its net operating revenue; (4) as a result, the company had understated its net loss; and (5) as a result of the foregoing, defendants positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you purchased Community Health securities suffered a loss, have information, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.