Dyer & Berens Files Class Action on Behalf of Investors of Community Health Systems Common Stock

Dyer & Berens today announced that it has filed a class action lawsuit in the United States District Court for the Middle District of Tennessee on behalf of investors who purchased or otherwise acquired Community Health Systems, Inc. CYH common stock between July 27, 2006 and April 11, 2011, inclusive. The complaint alleges that, throughout the Class Period, defendants' public statements about Community Health were materially false and misleading because they failed to disclose material adverse facts including: (a) the Company's growth statistics, revenues, and profits were inflated as a result of its improper admissions procedures designed to overbill Medicare; (b) because Community Health's financial results were artificially inflated, the potential synergies arising from the Tenet Healthcare acquisition were much less compelling than represented; and (c) as a result, defendants also knew that their forecasted profit and revenue numbers were unattainable and lacked a reasonable basis when made.