June 22, 2020. The Court in the Community Health Systems securities matter (Middle District of Tennessee) approved a class action settlement in the amount of $53 million. Plaintiff alleged that Community Health Systems’ financial results were artificially inflated due to it systematically overcharging Medicare for hospital services. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report and testimony on market efficiency.
Read more on this case at Stanford Securities Class Action Clearinghouse.
