A latecomer to the Psych Solutions Class Action Ball
Posted on October 9, 2009 at 8:19 amAnother law firm has jumped on the bandwagon and filed a potential class action against Psychiatric Solutions over the Franklin-based company’s disclosures of regulatory issues at one of its Illinois hospitals.
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More class actions lobbed against Psych Solutions
Posted on September 28, 2009 at 7:28 amThere’s blood in the water and the legal sharks are circling. Law firms out of Baltimore and Dallas have joined at least two others in filing potential class actions against Psychiatric Solutions (Ticker: PSYS) over the company’s disclosure of regulatory problems at its Riveredge hospital in Illinois.
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Wanted: A new face for a Healthways class action – and the ability to make meetings
Posted on September 25, 2009 at 2:08 am
The class action that took to task disease manager Healthways about its use of company stock in its 401(k) plan has been voluntarily dismissed because the lead plaintiff couldn’t make it to a deposition and had to withdraw from the case. The matter had been in the discovery phase with a trial date scheduled for next April.
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Another Psych Solutions class action filing
Posted on September 23, 2009 at 8:25 amHop on, boys – there’s plenty of room for consolidation. A day after a San Diego firm accused Psychiatric Solutions of misleading investors, a Pennsylvania peer has followed suit. The firms’ accusations center on Psych Solutions managers’ disclosure of regulatory shortcomings at an Illinois facility.
SEE ALSO: Howard G. Smith’s roster of active cases
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Psych Solutions class action over Chicago problems
Posted on September 22, 2009 at 8:29 am
A San Diego securities law firm has filed a putative class action against Psychiatric Solutions over the effect on the company’s stock price of the disclosure of various regulatory issues at its Riveredge Hospital in Chicago. The period covered in the suit covers 53 weeks starting in February of 2008.
Defendants downplayed incidents at the Company’s facilities, indicating that the deficiencies had all been resolved. Defendants assured investors that corrective actions had already been taken at the Company’s facilities to improve the quality, safety and risk management. Additionally, defendants issued materially false and misleading statements regarding the Company’s financial results and compliance with Generally Accepted Accounting Principles. Specifically, the Company failed to properly account for its contingent liabilities related to the deficiencies surrounding its operations.
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Regions sued over ATM charges
Posted on July 27, 2009 at 3:42 pmA Williamson County man has sued Regions Financial in a putative class action, accusing the bank (Ticker: RF) of not disclosing that it charges non-account holders $3 to use its ATMs. The suit – available here – is almost identical to one he filed in June against North Carolina-based First Citizens.
Late lawyers
Posted on May 14, 2009 at 6:44 amThe same law firm that is seeking to organize Community Health shareholders has put out a call to Gaylord investors related to the claims of mismanagement made by TRT Holdings – despite the fact that TRT and Gaylord made nice two months ago.
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And the attorneys come trolling…
Posted on May 12, 2009 at 7:20 amA Colorado-based law firm is looking for aggrieved investors in Community Health Systems, which early this year was sued by a whistleblower who accused it of arranging a Medicaid kickback scheme. At the time, the company (Ticker: CYH) had the following to say:
The Company views this issue as a funding dispute between government agencies. The government has never alleged that the hospitals filed false claims or that they received reimbursement under the Sole Community Provider program for services the hospitals did not provide.
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Merit pay in the courtroom
Posted on April 10, 2009 at 8:00 amThe Supreme Court earlier this week agreed to hear a Georgia case that centers on a judge’s ability to award attorneys extra fees if their work is deemed to be especially good.
The class-action lawsuit against Georgia, settled in 2005, prompted the state to reduce worker case loads, improve investigations into abuse and prevent overcrowding in foster homes. Gov. Sonny Perdue, one of the defendants in the lawsuit, authorized hiring 500 additional child welfare workers.
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A number that could have been a lot bigger
Posted on April 6, 2009 at 7:57 amIn its proxy statement, Gaylord Entertainment says work related to the board skirmish with big shareholder TRT Holdings cost it almost $1 million. TRT last month signed a deal to take two board seats this spring. Search for ‘proxy contest,’ where you’ll also see the tab for the recent settlement of a potential class action.
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South Carolina plaintiffs looking for another LP class action
Posted on March 26, 2009 at 10:59 pmThe Nashville-based building products supplier settled a Charleston County suit over alleged deficiencies in one of its siding products in January. Now the attorneys who handled that case want the rest of the state to be covered, too.
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A nice byproduct of Gaylord’s truce with investors
Posted on March 11, 2009 at 9:35 pmDeep in a Securities and Exchange Commission filing, the company says its deal with TRT Holdings and GAMCO Investors also resolves a potentially distracting legal conflict related to the poison pill it adopted last summer.
The Company also reached an agreement in principle to settle the pending purported derivative and class action challenging the initial adoption of the Original Rights Agreement. The Company and NECA-IBEW Pension Fund, the plaintiffs in the action, together with their counsel Coughlin Stoia Geller Rudman and Robins LLP, have agreed that the changes to the Company’s Board of Directors and amendments to the Original Rights Agreement reflected in the Amended Rights Agreement will form the basis for that settlement.
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More to come in the courtroom
Posted on February 9, 2009 at 9:45 pmHealthways says a purported class action over the role of company stock in its 401(k) plan will proceed in part. Filed under ERISA, the suit contends Healthways’ board and management should have more closely monitored the plan and removed Healthways shares (Ticker: HWAY) when “it it allegedly became an imprudent investment.”
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Goody’s worker sues over wages
Posted on January 28, 2009 at 3:09 pmThe former employee says the twice-bankrupt retailer – which is now in liquidation mode – did not follow the proper path for winding down its operations and owes a lot of back pay to about 500 people.
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Appeals court reverses Caterpillar retirees ruling
Posted on January 27, 2009 at 3:14 pmThe Sixth Circuit U.S. Court of Appeals has ruled that Caterpillar is not required to pay the full health care premiums of a class of retirees. The decision reverses a ruling from last September by Judge Aleta Trauger.
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