Newman Ferrara LLP Announces Corporate Governance Investigation of Community Health Systems, Inc. - CYH
January 08 2018 - 2:26PM
Business Wire
Newman Ferrara LLP announced today that the firm is conducting
an investigation on behalf of shareholders of Community Health
Systems, Inc. (“Community Health Systems” or the “Company”)
(NYSE:CYH) focusing on potential breaches of fiduciary duty by the
Company’s Board of Directors (the “Board”).
Community Health Systems, headquartered in Franklin, Tennessee,
is an operator of general acute care hospitals. Newman Ferrara’s
investigation focuses on decisions made by the Board, without
shareholder approval, the result of which significantly diminish
shareholder value benefit the Company. Considering the Company’s
lackluster performance over the last few years, it is clear that
the Board lacks the ability to fairly assess and oversee the
Company’s direction and leadership.
Current Community Health Systems stockholders seeking more
information on this matter are invited to contact Newman Ferrara
attorneys Jeffrey Norton (jnorton@nfllp.com) or Ryan Jerome
(rjerome@nfllp.com) to discuss this investigation and their
rights.
Newman Ferrara maintains a multifaceted practice based in New
York City with attorneys specializing in complex commercial and
multi-party litigation, securities fraud and shareholder
litigation, consumer protection, civil rights, and real estate. For
more information, please visit the firm website at
www.nfllp.com.
CONTACT:Newman Ferrara LLPJeffrey M. Nortonjnorton@nfllp.com1250
Broadway, 27th Fl.New York, NY 10001(212) 619-5400
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version on businesswire.com: http://www.businesswire.com/news/home/20180108006720/en/
Newman Ferrara LLPJeffrey Norton (jnorton@nfllp.com)orRyan
Jerome (rjerome@nfllp.com)
Community Health Systems (NYSE:CYH)
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