Levi & Korsinsky notifies investors that it has commenced an investigation into Community Health Systems, Inc. (NYSE: CYH) concerning potential violations of the federal securities laws.
Community Health issued a press release on June 19, 2024, "provid[ing] an update on the planned divestiture of two North Carolina hospitals[.]" The press release stated that "[o]n June 18, 2024, Novant Health, Inc., a North Carolina non-profit corporation (‘Novant'), informed [Community Health] that Novant has decided not to move forward with the acquisition of two North Carolina hospitals. The transactions were contemplated by an Asset Purchase Agreement dated February 28, 2023 (as amended, the ‘Purchase Agreement'), by and among Novant and certain subsidiaries of the Company[.]" The press release further stated that "Novant's decision follows a ruling by the Fourth Circuit Court of Appeals", which "issued a temporary injunction blocking the sale to Novant Health, pending final resolution of an appeal by the Federal Trade Commission. The injunction prevented completion of the transaction until the Court of Appeals decides whether to uphold or overturn a previous District Court decision that allowed the sale to proceed." Following this news, Community Health's stock price dropped over 9% on June 20, 2024.
If you suffered a loss on your Community Health securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
Please provide your address so we can contact you about your case if eligible.






Input your stock purchases and sales












Connect with SnapTrade to let us the stocks you own. This is an optional step to keep you. informed about class action litigation.
✓ Fast: takes less than a min
✓ We do not create an attorney-client relationship
✓ Your information is confidential & secure





