May 12, 2020
Lowey Dannenberg PC, lead counsel for shareholders who reached a $53 million stock drop settlement with hospital chain Community Health Systems Inc., asked the Tennessee federal judge overseeing the settlement Monday for $6.3 million in fees and expenses.
January 07, 2020
Community Health Systems Inc. has inked a $53 million deal to settle a class action brought by pension funds and other shareholders who claimed they lost $891 million when the company's share price plummeted after allegations of Medicare fraud came to light.
July 29, 2019
A Tennessee federal court certified an $891 million shareholder class accusing Community Health Systems Inc. of covering up an alleged Medicare fraud scheme, finding that the hospital company's argument against the lead plaintiff was not strong enough to undermine the class certification requirements.