| [February 14, 2012] |
 |
Milberg LLP Announces Class Action Lawsuits Against Health Management Associates, Inc.; Launches Case Website
NEW YORK --(Business Wire)--
Milberg LLP announces that class action lawsuits were filed on behalf of
all purchasers of Health Management Associates, Inc. (NYSE: HMA) common
stock between July 27, 2009 and January 9, 2012 ("Class Period"), in the
Middle District of Florida.
Milberg LLP has created a website (healthmanagementlawsuit.com)
that seeks to answer questions investors typically have about
shareholder class actions.
The filed actions allege that HMA's financial results were artificially
inflated because the Company was systematically overcharging Medicare.
On August 3, 2011, HMA announced that the U.S. Department of Health and
Human Services had issued a subpoena requesting information on physician
referrals. HMA shares fell 9.12%. On January 9, 2012, an analyst
reported that HMA's former compliance director, Paul Meyer, filed a
lawsuit against HMA for violating Florida's Private Sector
Whistleblower's Act.
On the following day, HMA disclosed that Timothy Parry, Senior VP,
General Counsel, and Secretary of the Company, had announced his
resignation. HMA shares fell 13% to close at $6.05 per share on January
10, 2012.
If you purchased HMA shares during the Class Period you may, no later
than March 26, 2012, request that the Court appoint you lead plaintiff
of the proposed class. A lead plaintiff is a class member that
represents other class members in directing the litigation. Your share
in any recovery will not be affected by serving as a lead plaintiff,
however, lead plaintiffs make important decisions that could affect the
overall recovery for class members. You do not need to be a lead
plaintiff to recover. You may retain Milberg LLP, or other attorneys,
for this action, but do not need to retain counsel to recover. If this
action is certified as a class action, class members will be
automatically represented by Court-appointed counsel. The complaint in
this action was not filed by Milberg.
Milberg LLP has represented individual and institutional investors for
over four decades and serves as lead counsel in Courts throughout the
United States. Visit the Milberg website (www.milberg.com)
for more information about the firm. If you wish to discuss this matter
with us, please contact the following attorneys:
|
Andrei Rado, Esq.
|
|
Milberg LLP
|
|
One Pennsylvania Plaza, 49th Fl.
|
|
New York, NY 10119-0165
|
|
Phone (News - Alert) number: (800) 320-5081
|
|
Email: arado@milberg.com
|
|
|
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

[ Back To TMCnet.com's Homepage ]
|