NEW YORK--(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 (firstname.lastname@example.org) or Roger Sachar, Jr. (email@example.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.