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DONALD HERMAN v HEALTHSOUTH CORP Click to find out why . . .



Keywords & Phrases
CaseNo: DHVHC164608, CourtName: MISC 3, Plaintiff: DONALD HERMAN, State: AL Alabama, UniqueCaseRef: LCD>DHVHC164608, Healthsouth, Securities, Rehabilitation, Facts, Reports, Outpatient Rehabilitation, Scrushy, Rehabilitation Facilities, Exchange, United States, Inpatient Rehabilitation, Medicare, Officers, Revenues, Class Period, Reimbursement, Pps, Healthcare, Individual Defendants, Securities Analysts, Financials, Disseminating, Misleading, Managed Care, Federal Securities Laws, Allegations, Publications, Cost-effectiveness , ContentID: 120253753

Case Documents
1 2000-09 CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 130142
31 pages
PDF
Total Documents: 1 document , 31 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
HEALTHSOUTH
SECURITIES
PLAINTIFF
REHABILITATION
FACTS
REPORTS
OUTPATIENT REHABILITATION
SCRUSHY
REHABILITATION FACILITIES
EXCHANGE
UNITED STATES
INPATIENT REHABILITATION
MEDICARE
OFFICERS
REVENUES
CLASS PERIOD
REIMBURSEMENT
PPS
HEALTHCARE
INDIVIDUAL DEFENDANTS
SECURITIES ANALYSTS
FINANCIALS
DISSEMINATING
MISLEADING
MANAGED CARE
FEDERAL SECURITIES LAWS
ALLEGATIONS
PUBLICATIONS
COST-EFFECTIVENESS
                                                                                   F I !, . .,.,
                                                                                             E D
                                   UNITED  STATES  DISTRICT  Co
                                  NORTHERN  DISTRICT  OF ALAB                     SEP f I  PH 3:29
                                                                           %
                                           SOUTHERN  DMSION                  (J:-j*  u/S-[[jli:  j-
                                                                           _  i"l.D.6F  ALABAMA
                                                                           .-

  DONALD  HERMAN,  Individually                               CIVIL  ACTION
  And  on Behalf  of  All  Others Similarly
  Situated,

                   Plaintiff,                                CLASS ACTION  COMPLAINT
                                                             FOR  VIOLATION  OF
  vs.                                                1       FEDERAL  SECURITIES  LAWS

 HEALTHSOUTH  CORPORATION,                           :       JURY  TRIAL  DEMANDED
 RICHARD  M.  SCRUSHY,
 WILLIAM  T.  OWENS, WESTON                         :
 L. SMITH  and GEORGE  STRONG,                      :

                  Defendants.



          Plaintiff,  by and through  his  attorneys,. ahegos the following  upon  information     

except as to  those allegations  concerning  Plaiut$ff,  which  are alleged  upon  personal

Plaintiffs  information  and belief  are based upon, among other  things, his  counsel's

which  includes  without  limitation:  (a)  review  and  analysis  of  filings  made  by 

Corporation  ("HealthSouth"  or  the  "Company")  with  the United  States Securities and  Exchange

Commission  ("SEC");  (b)  review  and  analysis  of  securities  analysts'  reports  concerning

Heal&South;  (c) review  and analysis ofpress releases and other publications  disseminated by

of the Defendants;  and  (d) review  of  other publicly  available  information  concerning 

Plaintiffbelieves  that further  substantial evident&y  support will  exist for  the allegations




  a reasonable opportunity  for  discovery.  Many of the facts supporting  the allegations

SNIPPETS:
  • Plaintiff, by and through his attorneys,.
  • Corporation ("HealthSouth" or the "Company") with the United States Securities and Exchange
  • review and analysis of securities analysts' reports concerning
  • review and analysis ofpress releases and other publications disseminated by certain
  • of the Defendants; and review of other publicly available information concerning HealthSouth.
  • Plaintiffbelieves that further substantial evident&y support will exist for the allegations
  • Many of the facts supporting the allegations contained herein
  • Defendants Richard M. Scrushy, William T. Owens, Weston L. Smith and George
  • Strong (the "Individual Defendants") held the following positions at the Company during all
  • Each of them made false and misleading statements and/or
  • other corporate officers and employees, attendance at management and/or Board of Directors
  • York Stock Exchange, and governed by the provisions of the federal securities laws, the
  • The Individual Defendants' misrepresentations and omissions during the Class Period
  • HealthSouth common stock during the Class Period by disseminating materially false and
  • reimbursement to PPS. HealthSouth has been an outspoken advocate of PPS in congressional and
  • reimbursement system implemented by Medicare regulations.
  • For the quarter, HealthSouth's revenues were $1.115 billion, an increase of 3 5% as compared
  • our early experience under the new inpatient rehabilitation prospective payment system is
  • In addition, during the fourth quarter, we held the groundbreaking on our new HealthSouth
  • Our outpatient services segment includes our outpatient rehabilitation facilities, our
  • containing increases in healthcare costs, as evidenced by Medicare's prospective payment
  • believe that our reputation for quality of Lare and cost-effectiveness positions us well
  • of second quarter financials:
  •    |