Community Health Systems, Inc.
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Community Health Systems, Inc. (NYSE: CYH) from February 20, 2017 through February 27, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Community Health investors under the federal securities laws.
If you bought Community Health securities between February 20, 2017 and February 27, 2018 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Community Health Systems, Inc. – CYH
New York, N.Y., June 5, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Community Health Systems, Inc. (NYSE: CYH) from February 20, 2017 through February 27, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Community Health investors under the federal securities laws.
To join the Community Health class action, go to http://zhanginvestorlaw.com/cases/community-health-systems-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Community Health had understated its contractual allowances; (2) Community Health had understated its provision for bad debts; (3) Community Health had overstated its net operating revenue; (4) Community Health had understated its net loss; and (5) as a result of the foregoing, defendants’ positive statements about Community Health’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 29, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/community-health-systems-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
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