SAN DIEGO, Dec. 12, 2011 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of certain investors in shares of HCA Holdings Inc (HCA) against HCA Holdings over alleged Violations of Federal Securities Laws and a deadline to get actively involved is coming up on December 27, 2011.
Investors with a substantial investment in HCA made pursuant or traceable to the HCA Holdings' Registration Statement and Prospectus issued in connection with its March 9, 2011 initial public offering or shortly thereafter should contact the Shareholders Foundation by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
According to the complaint the plaintiff alleges that HCA Holdings Inc, certain of its officers and directors and the underwriters of its March 9, 2011 initial public offering violated the Securities Act of 1933 in connection with the March 9, 2011 IPO.
On October 1, 2011, a media article raised questions concerning the accounting for over $15billlion of HCA Holdings 2006 going private transaction worth over $20billion. The article said that "Simply put, after HCA was taken private, it was loaded with debt used to hand out billions of dollars to insiders. Then HCA was sold to public shareholders, whose investment's performance will be weighed down by that huge indebtedness for years."
Shares of HCA Holdings Inc (HCA) fell from as high as $34.88 during July 2011 to as low as $18.81 per share in October 2011.
Those who are investors in HCA Holdings Inc (HCA) pursuant or traceable to its Registration Statement and Prospectus issued in connection with its March 9, 2011 initial public offering should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.