An investigation on behalf of current long term investors in Community Health Systems (NYSE: CYH) shares over possible breaches of fiduciary duty by certain officers and directors was announced
San Diego, CA -- (SBWIRE) -- 10/18/2019 -- An investigation was announced over possible breaches of fiduciary duties by certain directors and officers of Community Health Systems.
Investors who are current long term investors in Community Health Systems (NYSE: CYH) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: CYH stocks follows a lawsuit filed against Community Health Systems over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CYH stocks, concerns whether certain Community Health Systems directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges that the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that the Company had understated its contractual allowances, that the Company had understated its provision for bad debts, that, as a result, the Company had overstated its net operating revenue, that, as a result, the Company had understated its net loss, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Community Health Systems (NYSE: CYH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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