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IN RE: UNIVERSAL HEALTH SERVICES, INC., DERIVATIVE LITIGATION
Case Number:
2:17-cv-02187
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
- Axelrod Firm
- Bernstein Litowitz
- Grant & Eisenhofer
- Kramer Levin
- Morgan Lewis
- Robbins Geller
- Robbins Russell
- Saxena White
Companies
Sectors & Industries:
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January 26, 2022
UHS Investors Get $2.5M Fees After 'Audacious' $5.7M Bid
Shareholders who accused Universal Health Services Inc. of misleading them about an overbilling scheme and agreed to a settlement secured a $2.5 million attorney fee award on Wednesday, less than half of the $5.7 million request called "audacious" by the Fortune 500 company.
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November 30, 2021
Universal Health Slams 'Audacious' Fee Bid In Investor Suit
Universal Health Services Inc. and its officers and directors have urged a Pennsylvania federal judge not to grant an "audacious" bid for $5.7 million in attorney fees for shareholders who accused the company of misleading them about an overbilling scheme, saying the plaintiffs lost the case.
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August 19, 2019
UHS Directors Escape Derivative Suit Over Billing Practices
A Pennsylvania federal judge on Monday dismissed a derivative suit alleging Universal Health Services Inc. officers and directors misled investors about an overbilling scheme, saying the investors should have asked the UHS board to bring the litigation before they did.
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April 10, 2019
UHS Must Face Claims It Held Patients Illegally, Investors Say
Shareholders in a legal fight with Universal Health Services Inc. in Pennsylvania federal court have said the hospital operator can't shake claims that it exaggerated patients' risk of suicide in order to hold them involuntarily and collect insurance payments.
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December 11, 2018
Pa. Judge Won't Stay Derivative UHS Overbilling Claims
A Pennsylvania federal judge has shot down a bid to pause a cluster of shareholder lawsuits over alleged overbilling by United Health Services Inc. while both a related securities class action and an investigation into potential False Claims Act violations draw to a conclusion.
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May 15, 2017
UHS Execs Over-Admitted Patients For Profit, Investor Says
Universal Health Services' senior executives and directors have knowingly overlooked the hospital operator's over-admittance of patients and wrongly billed government agencies for the fees, artificially boosting the price of shares that executives and directors then sold at a profit, according to a derivative complaint filed Friday in Pennsylvania federal court.