Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Community Health Systems, Inc. (NYSE: CYH) and Encourages Community Health Investors to Contact the Firm

New York, New York, UNITED STATES


NEW YORK, May 30, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of all persons or entities who purchased or otherwise acquired Community Health Systems, Inc. (NYSE: CYH) securities between February 20, 2017 and February 27, 2018 (the “Class Period”).  Investors have until July 29, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

The complaint alleges that throughout the Class Period, 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, the complaint alleges that defendants failed to disclose to investors that: (1) the company had understated its contractual allowances; (2) the company had understated its provision for bad debts; (3) as a result, the company had overstated its net operating revenue; (4) as a result, the company had understated its net loss; and (5) 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.

If you purchased Community Health securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information concerning the Community Health lawsuit, please go to https://bespc.com/cyh/.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.

Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com