HCA To Bury Hatchet With Shareholders For $20M

Law360, New York (August 14, 2007, 12:00 AM EDT) -- HCA Inc. has brokered a $20 million settlement that will lay to rest claims brought by shareholders who said that the hospital chain's executives artificially inflated stock prices by lying about the company's growth.

HCA and the lead plaintiffs in the securities class action are seeking final approval from the U.S. District Court for the Middle District of Tennessee for the deal, according to court documents filed in late July.

Under the terms of the preliminary settlement, which received the green light from U.S. District Judge...
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