Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

COMMUNITY HEALTH SYSTEMS INC (CYH) Class Action Lawsuit (May 2011)

Closed

3:11cv433 • May 9, 2011

Class Period Start

July 26, 2006

Class Period End

January 24, 2012

PSLRA Deadline

July 8, 2011

Case Allegations

10b5

Statutes of Repose

Jul 26, 2009

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

June 27, 2020

Settlement Fund

$53,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchase THE PUBLICLY TRADED COMMON STOCK OF COMMUNITY HEALTH SYSTEMS, INC. (“CHSI” OR “THE COMPANY”) FROM JULY 27, 2006 THROUGH APRIL 8, 2011, INCLUSIVE

Claim Administrator

A.B. Data, Ltd.
CHS Securities Settlement P.O. Box 173093 Milwaukee, WI 53217
+1 866-217-4457
[email protected]

Hearing Date

June 19, 2020

Opt-out Deadline

May 18, 2020

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

May 3, 2022

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jun 22, 2020

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Jan 30, 2020

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jan 30, 2020

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jul 26, 2019

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Sep 24, 2018

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

May 7, 2018

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Feb 9, 2018

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jun 16, 2016

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

May 9, 2016

Third Amended Complaint

A new complaint has been filed on behalf of certain investors in COMMUNITY HEALTH SYSTEMS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 4, 2015

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Oct 20, 2015

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in COMMUNITY HEALTH SYSTEMS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Oct 15, 2015

First Amended Complaint

A new complaint has been filed on behalf of certain investors in COMMUNITY HEALTH SYSTEMS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Sep 11, 2012

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jan 3, 2012

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 9, 2011

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in COMMUNITY HEALTH SYSTEMS INC.

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