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Universal Health Realty Income Trust Reports 2021 Second Quarter Financial Results
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A New Strain Of COVID-19 Shareholder Suit - Corporate/Commercial Law
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Ransomware disrupts Florida s most vital services
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While we are growing accustomed to pandemic-based shareholder actions relating to improper health and safety disclosures or misrepresentations relating to COVID-19 treatmentsand tests, this month brings a novel variant of the COVID-19 lawsuit. A Universal Health Services Inc. investor has filed a derivative suit against company officers and directors, claiming they took advantage of a pandemic-related drop in the company’s stock price to grant and receive certain stock options that were unfair to the company and its stockholders. The plaintiff investor claims that “company insiders took advantage of the temporary drop in the company’s stock price to grant and receive options to buy the company’s stock at rock bottom prices, thereby showering themselves in excessive compensation.” The complaint alleges that the drop in stock price was “not caused by any changes in the company’s fundamentals or business prospec
Universal Health Systems Blames Pandemic for Stock Price Drop
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