Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Community Health Systems, Inc. (NYSE: CYH).
On February 27, 2018, the Company announced fourth quarter and full year 2017 financial results, revealing that its previously reported contractual allowances and bad debt provision was understated by $591 million causing a 16.7% decrease to net operating revenues compared to the previous year. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws.
KSF’s investigation is focusing on whether Community Health’s officers and/or directors breached their fiduciary duties to Community Health’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Community Health shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (email@example.com), or fill out the form on this page.