We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Investors Sue Universal Health In Wake Of Fraud Probes

Law360, Wilmington (July 3, 2017, 7:13 PM EDT) -- Investors in health care giant Universal Health Services Inc. have sued its directors and top officers on behalf of the company, seeking a Delaware Chancery Court award for damages caused by violations of insurance and involuntary commitment rules.

The derivative suit, filed late Friday by the Pennsylvania-based Delaware County Employees' Retirement Fund and Chester County Employees Retirement System on behalf of UHS itself, accuse the company’s founder, board members and key employees of “management-directed malfeasance” in connection with revenue-maximizing rule-breaking.

UHS has been under regulatory review...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.