An investigation for investors in NYSE:CYH shares concerning potential securities laws violations by Community Health Systems and certain of its directors and officers was announced.
Investors who purchased shares of Community Health Systems (NYSE:CYH), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Community Health Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 27, 2016, Community Health Systems issued its preliminary results for its third quarter 2016, announcing an EBITDA of $465 million. Community Health Systems stated: “The lower than anticipated results were primarily caused by lower than expected volume and the resulting lower net operating revenues, as well as larger than anticipated reductions to reimbursement from state supplemental programs. Our results were also impacted by a failure to achieve anticipated expense reductions….” Shares of Community Health Systems (NYSE:CYH) declined to as low as $4.88 per share on October 27, 2016.
On November 4, 2016, NYSE:CYH closed at $5.54 per share.
Those who purchased NYSE:CYH shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego