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Cole v. Health Management Associates,
Inc. et al
USDC MD Florida
Disclosure
Background
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 Company
background
Litigation
background
- Cole v. Health Management Associates, Inc. et al
- USDC MD Florida (Ft. Myers) 2:07-cv-00484-MMH-SPC
- Judge Marcia Morales Howard
- Filed 8.02.07
Lead
plaintiffs
- City of Ann Arbor Employees' Retirement System
SEC
disclosure
- Form 10-Q
8.08.08 at page 13
Stockholder Actions. On or about August 2, 2007, Health Management Associates,
Inc. (referred to as HMA for Note 7 purposes) and certain of its executive
officers and directors were named as defendants in an action entitled Cole v.
Health Management Associates, Inc. et al. (No. 2:07-CV-0484) (the Cole
Action), which was filed in the U.S. District Court for the Middle District of
Florida, Fort Myers Division (the Florida District Court). This action was
purportedly brought on behalf of a class of stockholders who purchased HMAs
common stock during the period January 17, 2007 through July 30, 2007. The
plaintiff alleged, among other things, that HMA violated Section 10(b) of the
Securities Exchange Act of 1934 (the Exchange Act) by making false and
misleading statements regarding its provision for doubtful accounts related to
self-pay patients. Three other purported stockholders who did not file
complaints filed motions to be appointed as the lead plaintiff but one of the
plaintiffs subsequently withdrew its motion. On May 14, 2008, the Florida
District Court designated the City of Ann Arbor Employees Retirement System as
the lead plaintiff pursuant to the Private Securities Litigation Reform Act;
however, the case will continue to be administered under the docket number
assigned to the Cole Action. On July 31, 2008, the lead plaintiff filed a
consolidated complaint, which is similar to the complaint filed in the Cole
Action, naming HMA and three current and former officers and directors as
defendants. The lead plaintiff asserts claims for violations of Sections 10(b)
and 20(a) of the Exchange Act and purports to represent a class of stockholders
who purchased HMAs common stock during the period January 17, 2007 through
August 1, 2007.
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Claims
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Complaint
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Lead Plaintiff and Counsel Appointed
SEC_CODE_REF_0090001192884
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Motions
to appoint
Order
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Counsel
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Lead
plaintiff
Company
defense
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Related Topics
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