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Deadline on July 29th upcoming in Lawsuit filed for Investors in shares of Community Health Systems (NYSE: CYH)

07-23-2019 10:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on July 29, 2019 in the lawsuit for certain investors in Community Health Systems (NYSE: CYH).

A Deadline is coming up on July 29, 2019 in the lawsuit for certain investors in Community Health Systems (NYSE: CYH).

The Shareholders Foundation announces that a deadline is coming up on July 29, 2019 in the lawsuit filed for certain investors of Community Health Systems (NYSE: CYH) over alleged securities laws violations by Community Health Systems.

Investors who purchased shares of Community Health Systems (NYSE: CYH) have certain options and there are strict and short deadlines running. Deadline: July 29, 2019. NYSE: CYH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges on behalf of purchasers of Community Health Systems (NYSE: CYH) common shares between February 20, 2017 and February 27, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 20, 2017 and February 27, 2018, 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.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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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