ATLANTA, GA -- (Marketwire) -- 05/16/11 -- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Middle District of Tennessee on behalf of purchasers of Community Health Systems, Inc. ("Community Health" or the "Company") (NYSE: CYH) common stock who purchased shares between July 27, 2006 and April 11, 2011, inclusive (the "Class Period"). Specifically, the lawsuit alleges that, among other things, during the Class Period the Company's growth statistics, revenues, and profits were artificially inflated as a result of improper billing and admissions procedures in connection with Medicare and other sources for patient admissions.
If you purchased shares of Community Health common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than July 11, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Community Health investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at firstname.lastname@example.org, or email@example.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.