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Faruqi & Faruqi, LLP is Investigating Community Health Systems, Inc. on Behalf of Its Shareholders - CYH

^{Published on 2011-04-20 06:10:51 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors and Officers of Community Health Systems, Inc. (aCommunity Healtha or the aCompanya) (NYSE: CYH). The investigation focuses on possible breaches of fiduciary duties by the Board of Directors and/or Officers of the Company in connection with allegations that the Company may have engaged in unlawful Medicare billing practices.

Request more information now by clicking here: [ www.faruqilaw.com/CYH ]

Specifically, the investigation concerns whether Community Health employed improper admissions tactics in order to exaggerate its growth, including encouraging medically unnecessary admissions at its hospitals to increase payments from Medicare. On April 11, 2011, a lawsuit was filed against Community Health alleging that the Company had engaged in these types of improper admissions practices for years and that Community Healtha™s stock price has been artificially inflated as a result of the revenues generated from such improper practices. It was also reported on April 11, 2011, that the Company had received a subpoena from the U.S. Department of Health and Human Servicesa™ office of the inspector general seeking information about the Companya™s procedures and systems for patient admissions. After this news, Community Healtha™s stock fell 36%, or $14.41 per share, to close at $25.89 per share.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and derivative litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Community Health and wish to obtain additional information, please visit us at [ http://www.faruqilaw.com/CYH ] or contact Beth A. Keller, Esq. either via email at [ bkeller@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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