LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against Quorum Health Corporation (“Quorum” or the “Company”) (NYSE: QHC). Investors who purchased or otherwise acquired Quorum securities: (1) pursuant and/or traceable to Quorum’s Registration Statement issued in connection with the Company’s spinoff from Community Health Systems, Inc. (“CHS”) effective on or about April 29, 2016; and/or (2) on the open market between May 2, 2016 and August 10, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the November 8, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Quorum made false and/or misleading statements and/or failed to disclose: that many of Quorum’s hospitals were underperforming at the time of the spin-off from CHS; that various other indicators of impairment existed at the time of Quorum’s spin-off from CHS; that the Company ignored and/or failed to inform investors of the foregoing issues; and that as a result of the above, Quorum’s public statements were materially false and misleading at all relevant times. On August 10, 2016, the Company issued a press release and filed a Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission reporting substantial net loss and an operating loss for the quarter ending June 30, 2016. Quorum blamed the loss on impairment charges it had taken, goodwill loss from divesting certain hospitals, and carryover allocation of goodwill at the time of the spin-off from CHS. When this news was announced to the public, shares of Quorum fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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