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LHN parent sees losses | Business | The Journal Gazette
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Community Health Systems: Q1 Earnings Snapshot
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Loss causation – the causal connection between a
defendant s fraudulent conduct and a plaintiff s economic
loss – is a required element of a federal securities fraud
claim.
1 A typical securities class action is brought on
behalf of investors who contend they purchased a company s
stock in reliance on corporate misstatements. The investors allege
that they purchased their shares at a price artificially inflated
by the misstatements, and then suffered damage when the truth about
the misstatements was revealed to the market and the stock price
dropped.
Price Gouging and Unpaid Bills: COVID-19 Travel Nursing Leads to Multiple Lawsuits
Steward Health Care Systems LLC, which owns dozens of hospitals and medical facilities across the country, is in the middle of a nasty dispute with Aya Healthcare Inc., one of the most prominent travel nursing agencies in the U.S.
Last month, Steward Health Care Systems filed a lawsuit against Aya in Massachusetts Superior Court alleging that the company was engaged in price gouging during the pandemic. It also wants Aya to stop canceling travel nursing contracts at the last minute. In retaliation, Aya has just filed a lawsuit against Steward in the same court, alleging the company owes more than $40 million in unpaid travel nursing fees.
4 Min Read
WASHINGTON (Reuters) - A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising.
FILE PHOTO: A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23, 2018. REUTERS/Brendan McDermid
On March 23, a federal grand jury indicted 38 year-old Jason Peltz for trading on “material nonpublic information” obtained from a company insider and a financial reporter.
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