Hospital Chain Slapped With Class Action Suit

Law360, New York (November 10, 2005, 12:00 AM EST) -- Former executives of embattled hospital chain HCA Inc. are now not only the subject of a Securities and Exchange Commission investigation, but also of a class action lawsuit alleging they made false statements to inflate the company's stock price.

The suit, filed by Lerach Coughlin Stoia Geller Rudman & Robbins on behalf of the Western Pennsylvania Electrical Employees Pension Fund, claims that several of the company’s officers, including CEO Jack O. Bovender, Jr. and COO Richard M. Bracken, and Financial Chief Milton Johnson, made positive statements...
To view the full article, register now.