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MORDECAI POLLOCK v HEALTHSOUTH CORP Click to find out why . . .



Keywords & Phrases
CaseNo: MPVHC182997, CourtName: MISC 3, Plaintiff: MORDECAI POLLOCK, State: AL Alabama, UniqueCaseRef: LCD>MPVHC182997, Healthsouth, Securities, Class Period, Reports, Exchange, Common Stock, Federal Securities Laws, Price, Analysts, Outpatient Surgery, Reimbursement, Securities Laws, Healthsouth Corporation, Misleading Statements, Rehabilitation, Materially False, Individual Defendants, Relevant Times, Material Facts, Defendant Scrushy, Healthcare, United States, Allegations, Pps, Exchange Act, Artificially Inflated Prices , ContentID: 120253774

Case Documents
1   CLASS ACTION COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 130185
30 pages
PDF
Total Documents: 1 document , 30 pages
Price: $ 19.95


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1 . CLASS ACTION COMPLAINT

EXTRACTED KEY WORDS
SECURITIES
PLAINTIFF
CLASS PERIOD
DEFENDANTS
REPORTS
EXCHANGE
COMMON STOCK
FEDERAL SECURITIES LAWS
PRICE
ANALYSTS
MEMBERS
BUSINESS
OUTPATIENT SURGERY
REIMBURSEMENT
SECURITIES LAWS
HEALTHSOUTH CORPORATION
MISLEADING STATEMENTS
REHABILITATION
MATERIALLY FALSE
INDIVIDUAL DEFENDANTS
RELEVANT TIMES
MATERIAL FACTS
DEFENDANT SCRUSHY
HEALTHCARE
UNITED STATES
ALLEGATIONS
PPS
EXCHANGE ACT
ARTIFICIALLY INFLATED PRICES
ROBERT RODEN
SHELBY & CARTEE
2956 Rhodes Circle
Birmingham, Alabama 35205
PH.: (205) 933-8383
Fax: (205) 933-8386

IRA M. PRESS
MARK A. STRAUSS
KIRBY, MCINERNEY & SQUIRE, LLP
830 3rd Ave.
New York, NY 10022
PH.: (212) 371-6600
Fax: (202) 751-2540

Attorneys for Plaintiff


                            IN THE UNITED STATES DISTRICT COURT
                          FOR THE NORTHERN DISTRICT OF ALABAMA
                                             WESTERN DIVISION
__________________________________________
                                                         )
MORDECAI POLLOCK, on Behalf of Himself and ) No.
All Others Similarly Situated,                    )
                                                         )        CLASS ACTION
                           Plaintiff,                    )
        vs.                                              )
                                                         )
HEALTHSOUTH CORPORATION,                                 )        COMPLAINT FOR
RICHARD M. SCRUSHY,                                      )        VIOLATION OF THE
WESTON L. SMITH, and                                     )        FEDERAL SECURITIES LAWS
WILLIAM T. OWENS,                                        )
                                                         )        JURY TRIAL DEMANDED
                           Defendants.                   )
__________________________________________)

                                          CLASS ACTION COMPLAINT
                         FOR VIOLATIONS OF FEDERAL SECURITIES LAWS

        Mordecai Pollock, on behalf of himself and all others similarly situated, (the "Class"),

upon the investigation of plaintiff's counsel, which included a review of United States Securities


Exchange Commission ("SEC") filings by Healthsouth Corporation ("Healthsouth" or the "Company");

regulatory filings and reports; securities analysts' reports about the Company; press releases and

SNIPPETS:
  • IN THE UNITED STATES DISTRICT COURT
  • FOR VIOLATIONS OF FEDERAL SECURITIES LAWS
  • Exchange Commission filings by Healthsouth Corporation;
  • regulatory filings and reports; securities analysts' reports about the Company; press
  • plaintiff believes that substantial additional evidentiary support will exist for the
  • seeking to pursue remedies under the Securities Exchange Act of 1934.
  • Plaintiff alleges that Healthsouth and its officers made materially misleading statements
  • during the Class Period.
  • operations of certain Medicaid reimbursement policies and, thereby, reimbursement rates to
  • Healthsouth Corporation was organized as a Delaware corporation in 1984.
  • diagnostic and rehabilitative healthcare services.
  • Healthsouth common stock trades on the New York
  • Richard M. Scrushy was at all relevant times Healthsouth's Chief Executive
  • Defendants Scrushy, Smith and Owens (collectively, the "Individual Defendants" and,
  • so that the market price of the Company's publicly traded securities would be
  • Healthsouth, its operations, finances, financial condition, and present and future business
  • materially false and misleading information, occurred in substantial part in this District.
  • PLAINTIFF'S CLASS ACTION ALLEGATIONS
  • Company at all relevant times, members of their immediate families and their legal
  • Healthsouth is the nation's largest provider of outpatient surgery,
  • locations include 1,427 outpatient rehabilitation locations, 118 inpatient rehabilitation
  • to a system called Prospective Payment System, or "PPS." As Healthsouth sought to assuage
  • Commenting on the record results and the Company's outlook, defendant Scrushy
  • disclose and misrepresented the material facts concerning the recent CMS directive regarding
  • Healthsouth common stock traded at artificially inflated prices during the Class Period.
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