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Rao v. Quorum Health Corporation et al

  1. July 21, 2020

    Health Cos. To Pay $18M To End Stock-Drop Suit Over Spinoff

    A certified class of shareholders asked a Tennessee federal judge Tuesday for preliminary approval of an $18 million settlement to end their stock-drop suit accusing hospital provider Community Health Systems Inc. and its spinoff Quorum Health Corp. of withholding financial expectations from investors.

  2. February 03, 2020

    Health Co. Seeks Speedy Win In Stock-Drop Suit Over Spinoff

    Community Health Systems Inc. and its spinoff Quorum Health Corp. pushed a Tennessee federal court to grant them an early win in a suit accusing them of withholding financial expectations from investors, arguing that "there is not a whiff of evidence" to support the claims.

  3. March 29, 2019

    Fraud Case Trimmed, Class Certified In Quorum Spinoff Fight

    In a partial victory for both parties Friday, a Tennessee federal judge certified a class of Quorum Health Corp. investors in their suit accusing Quorum of withholding information about its spinoff from Community Health Systems Inc., but simultaneously trimmed several of their claims that Quorum and CHSI misled them.

  4. September 04, 2018

    Health Co. Says Investors Were Well-Informed Before Spinoff

    Quorum Health Corp. urged a Tennessee federal judge not to grant class certification to shareholders alleging the common stock they purchased was being traded at an inflated price because Quorum had not disclosed expected impairments from its spinoff from Community Health Systems Inc., saying the spinoff did not impact its stock price and is unsupported by the "fraud-on-the-market" theory.