This official website is maintained by the Claims Administrator under the supervision of Lead Counsel for the members of the Settlement Class in the action entitled, Caleb Padilla v. Community Health Systems, Inc., et al., Case No. 3:19-cv-00461 (the “Action”), which is pending in the United States District Court for the Middle District of Tennessee Nashville Division.
The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action,
Certification of Settlement Class, and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement
of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the
Notice for
additional information. All capitalized terms used on this website and in the Notice that are not otherwise defined have the meanings ascribed to them
in the Stipulation and Agreement of Settlement dated May 26, 2023 (“Stipulation”), which you may access by clicking here.
If you are a member of the Class, you are subject to the Settlement unless you timely request to be excluded.
PLEASE READ THE NOTICE CAREFULLY.
| YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT: | |
|---|---|
| SUBMIT A CLAIM FORM ONLINE OR POSTMARKED NO LATER THAN OCTOBER 26, 2023. | This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 30 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 31 of the Notice), so it is in your interest to submit a Claim Form. |
| EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 22, 2023. | If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 22, 2023. | If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You can only object to the Settlement, the Plan of Allocation or the fee and expense request if you are a Settlement Class Member and do not exclude yourself from the Settlement Class. |
| GO TO A HEARING ON OCTOBER 13, 2023, AT 1:00 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 22, 2023. | Filing a written objection and notice of intention to appear by September 22, 2023, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
| DO NOTHING | If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
The Settlement Fairness Hearing
The Settlement Hearing will be held on October 13, 2023, at 1:00 p.m., before the Honorable Eli J. Richardson at the United States District Court for the Middle District of Tennessee, Fred D. Thompson U.S. Courthouse, Courtroom 5C, 719 Church Street, Nashville, TN 37203. The Court has the right to approve the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of Litigation Expenses and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Settlement Class.What is this case about?
The Action involves investors alleging, among other things, that defendant CHSI, and defendants Wayne T. Smith, Larry Cash, and Thomas J. Aaron (collectively, the “Individual Defendants”; and together with CHSI, “Defendants”) violated the federal securities laws by making false and misleading statements regarding CHSI. A more detailed description of the Action is set forth in paragraphs 11 - 20 in the Notice. Defendants have denied these allegations and any wrongdoing. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class.The Settlement Benefits
The Settlement, if approved, will result in the creation of a cash settlement fund of $9,500,000 (the “Settlement Amount”). The Settlement Amount, plus accrued interest (the “Settlement Fund”) and minus the costs of this Notice and all costs associated with the administration of the Settlement, as well as any attorneys’ fees and expenses that may be approved by the Court (the “Net Settlement Fund”), will be distributed to Settlement Class Members pursuant to the Plan of Allocation that is described in the Notice.Further Information
This website and the Notice summarize the Settlement. For more details regarding the Settlement please reference the Stipulation, or other documents
filed in the case under the "Court Documents" link in the navigation bar above. You may also contact the Claims Administrator or Lead Counsel for further information
regarding the Settlement:
Claims Administrator:
Padilla v. Community Health Systems, Inc.
c/o A.B. Data, Ltd.
P.O. Box 173112
Milwaukee, WI 53217
(877) 390-3492
info@CommunityHealthSecuritiesSettlement.com
Padilla v. Community Health Systems, Inc.
c/o A.B. Data, Ltd.
P.O. Box 173112
Milwaukee, WI 53217
(877) 390-3492
info@CommunityHealthSecuritiesSettlement.com
Lead Counsel:
Casey E. Sadler, Esq.
GLANCY PRONGAY & MURRAY LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Casey E. Sadler, Esq.
GLANCY PRONGAY & MURRAY LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Lead Counsel:
Joshua B. Silverman, Esq.
POMERANTZ LLP
10 South LaSalle Street, Suite 3505
Chicago, IL 60603
Joshua B. Silverman, Esq.
POMERANTZ LLP
10 South LaSalle Street, Suite 3505
Chicago, IL 60603