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Milberg LLP Announces Class Action Lawsuits Against Health Management Associates, Inc.;; Launches Case Website


Published on 2012-02-14 12:30:43 - Market Wire
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NEW YORK--([ ])--Milberg LLP announces that class action lawsuits were filed on behalf of all purchasers of Health Management Associates, Inc. (NYSE: HMA) common stock between July 27, 2009 and January 9, 2012 (aClass Perioda), in the Middle District of Florida.

Milberg LLP has created a website (healthmanagementlawsuit.com) that seeks to answer questions investors typically have about shareholder class actions.

The filed actions allege that HMAas financial results were artificially inflated because the Company was systematically overcharging Medicare.

On August 3, 2011, HMA announced that the U.S. Department of Health and Human Services had issued a subpoena requesting information on physician referrals. HMA shares fell 9.12%. On January 9, 2012, an analyst reported that HMAas former compliance director, Paul Meyer, filed a lawsuit against HMA for violating Florida's Private Sector Whistleblower's Act.

On the following day, HMA disclosed that Timothy Parry, Senior VP, General Counsel, and Secretary of the Company, had announced his resignation. HMA shares fell 13% to close at $6.05 per share on January 10, 2012.

If you purchased HMA shares during the Class Period you may, no later than March 26, 2012, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a class member that represents other class members in directing the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff, however, lead plaintiffs make important decisions that could affect the overall recovery for class members. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaint in this action was not filed by Milberg.

Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website ([ www.milberg.com ]) for more information about the firm. If you wish to discuss this matter with us, please contact the following attorneys:

Andrei Rado, Esq.

Milberg LLP

One Pennsylvania Plaza, 49th Fl.

New York, NY 10119-0165

Phone number: (800) 320-5081

Email: [ arado@milberg.com ]

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contributing Sources