Lowey Dannenberg, P.C. Announces a Notice of Settlement For All Persons and Entities that Purchased the Publicly Traded Common Stock of Community Health Systems, Inc.

NEW YORK, March 13, 2020 /PRNewswire/ --

UNITED STATES DISTRICT COURT
FOR THE MIDDLE DISTRICT OF TENNESSEE
NASHVILLE DIVISION

SUMMARY NOTICE

THIS NOTICE WAS AUTHORIZED BY THE COURT.  IT IS NOT A LAWYER SOLICITATION.  PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.  

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Middle District of Tennessee, that a hearing will be held on June 19, 2020, at 8:30 a.m., before the Honorable Eli Richardson at the United States District Court for the Middle District of Tennessee, Estes Kefauver Federal Building & Courthouse, Courtroom 874, 801 Broadway, Nashville, TN 37203, for the purpose of determining whether: (1) the proposed settlement against CHSI and certain of its current and former senior executives, (collectively, the "Defendants") in the above referenced litigation (the "Litigation") for $53,000,000.00 in cash, plus accrued interest, should be approved by the Court as fair, reasonable and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the claims against the Defendants in the Litigation; (3) whether the Plan of Allocation is fair, reasonable, and adequate and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and reimbursement of expenses and the Lead Plaintiff's reasonable fees and expenses incurred in connection with this Litigation out of the Net Settlement Fund should be approved by the Court. 

If you are a Class Member as described above, your rights may be affected by the settlement of this Litigation.  If you have not received a detailed Notice of Class Action Certification and Proposed Settlement and a copy of the Proof of Claim and Release, you should obtain copies by writing to Community Health Systems, Inc. Securities Litigation, c/o A.B. Data, Ltd, P.O. Box 173093, Milwaukee, WI 53217, 866-217-4457, or on the internet at www.CHSSecuritiesSettlement.com.  The Notice contains details about this Litigation and settlement, including what you must do to exclude yourself from the settlement, object to the terms of the settlement, or file a Proof of Claim.  If you are a Class Member, in order to share in the distribution of the Settlement Fund, you must submit a Proof of Claim and Release postmarked (if submitted by mail) or received (if submitted online) no later than June 27, 2020, establishing that you are entitled to recovery.

If you desire to be excluded from the Class, you must submit a Request for Exclusion postmarked no later than May 18, 2020, in the manner and form explained in the detailed Notice referred to above.  All Members of the Class who have not timely and validly requested exclusion from the Class will be bound by any Judgment entered in the Actions pursuant to the Stipulation of Settlement. 

Any objection to the settlement must be submitted to the parties listed below postmarked no later than May 18, 2020:

Court:
Clerk of the Court
United States District Court
Middle District of Tennessee
Estes Kefauver Federal Building & Courthouse
801 Broadway
Nashville, TN 37203

Lead Counsel for Lead Plaintiff and the Class:
Barbara J. Hart
Lowey Dannenberg, P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601

Counsel for Defendants:
Gary A. Orseck
Robbins, Russell, Englert, Orseck, Untereiner
& Sauber LLP
2000 K Street NW, 4th Floor
Washington, DC 20006

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have questions about the settlement, you may contact the Claims Administrator or Lead Counsel for Lead Plaintiff and the Class at the address above.

SOURCE Lowey Dannenberg, P.C.