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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Community Health Systems, Inc.


//health-fitness.news-articles.net/content/2011/ .. hareholders-of-community-health-systems-inc.html
Published in Health and Fitness on Tuesday, April 12th 2011 at 19:40 GMT by Market Wire   Print publication without navigation


BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against Community Health Systems, Inc. (aCYHa or the aCompanya) (NYSE:CYH) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding CYHa™s business, operations and financial condition were false and misleading.

CYH provides healthcare services through the operation of hospitals in the United States. Specifically, the investigation relates to a lawsuit alleging that CYH employed a number of improper admissions tactics in order to exaggerate its growth, including encouraging medically unnecessary admissions at its hospitals to increase payments from Medicare and insurance companies. On this news, the Company's shares declined $14.41 per share, or nearly 36%, to close on April 11, 2011, at $25.89 per share, on unusually heavy trading volume.

If you are a shareholder of CYH securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].


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