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Beach v. Healthways, Inc. et al
USDC MD Tennessee
Guidance
Background
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 Company
background
Litigation
background
- Beach v. Healthways, Inc. et al
- USDC MD Tennessee (Nashville) 3:08-cv-00569
- Senior Judge Robert Echols
- Filed 6.05.08
Lead
plaintiffs
SEC
disclosure
- Form 10-Q
7.10.08 at page 34
Beginning on June 5, 2008, Healthways and its Chairman, Chief Executive Officer
and Chief Financial Officer (collectively, the Class Action Defendants) were
named as defendants in two purported class actions filed in the U.S. District
Court for the Middle District of Tennessee, Nashville Division (the Class
Action Complaints). The Class Action Complaints seek monetary damages on behalf
of persons who purchased the Companys common stock between October 17, 2007 and
February 26, 2008 (the Proposed Class Period). These suits allege claims for
violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
related to certain disclosures made by Healthways during the Proposed Class
Period regarding its results of operations, business and prospects. Discovery in
these cases has not yet commenced and no trial dates have been set.
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Claims
SEC_CODE_REF_0090001192884
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Complaint
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Earnings Guidance
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Two
unrealized opportunities: We were disappointed to learn from one large,
long-term health plan customer - who had already expanded with two additional
programs from Healthways this year - that they were unable to purchase an
anticipated third program due to budget constraints. Simultaneously, we were
informed that a different health plan customer had decided to extend their
current agreement for another year with their existing provider of Complementary
and Alternative Medicine (CAM)/Chiropractic network services.
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Counsel
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Lead
plaintiff
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Related Topics
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