Health & Fitness
Health and Fitness
Health and Fitness 
Wed, May 11, 2011
Tue, May 10, 2011
Finkelstein Thompson LLP Announces Investigation of Community Health Systems, Inc.
WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Community Health Systems, Inc. (NASDAQ: CYH) concerning allegedly false and misleading statements made to investors.
The company allegedly made multiple false and misleading public statements regarding its earnings and compliance with federal regulations, causing its share price to be inflated. These public statements allegedly misrepresented and/or failed to disclose the company systematically overcharged Medicare, state Medicaid programs, and private insurers by unnecessarily admitting patients on an inpatient basis, and billing for the unnecessary care. Upon revelation of this alleged misconduct, Community Health Systemsa™ share price fell dramatically. The companya™s shares have lost approximately 25% of their value, falling from $40.30 on April 8 to $31.08 on May 9.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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