Stocks & Investing
Mon, November 21, 2011
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of HCA Holdings, Inc. (aHCAa or the aCompanya) (NYSE:HCA), who purchased shares pursuant or traceable to the Companyas Registration Statement and Prospectus issued in connection with its March 9, 2011 initial public offering (the aIPOa), seeking to pursue remedies under the Securities Act of 1933. The class action lawsuit was filed in the United States District Court for the Middle District of Tennessee.
HCA owns, manages or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, oncology therapy centers, and rehabilitation and physical therapy centers in the United States. The Complaint alleges that the Registration Statement and Prospectus failed to disclose that: (a) HCA improperly accounted for its prior business combinations in violation of Generally Accepted Accounting Principles, causing the Companyas financial results to be materially misstated; (b) the Company failed to maintain effective internal controls concerning its accounting for business combinations; and (c), the Company failed to disclose known trends and uncertainties, as required by SEC regulations, concerning its revenue growth rate.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased HCA common stock pursuant or traceable to the Companyas March 9, 2011 IPO, you have certain rights, and have until December 27, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ].
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