Health Management Associates, Inc., HMA Securities Stock Fraud

Company:	Health Management Associates, Inc.,
Ticker Symbol:	HMA
Class Period:	Jul-27-09 to Jan-9-12
Date Filed:	Jan-26-12
Lead Plaintiff Deadline:	Mar-26-12
Court:	Middle District of Florida
Allegations:

Boston, MA: A securities class action lawsuit has been filed on behalf of investors who purchased Health Management Associates, Inc. ("HMA" or the "Company") (NYSE: HMA) common stock during the period July 27, 2009 through January 9, 2012 (the "Class Period"). The lawsuit is pending in the United States District Court for the Middle District of Florida.

The lawsuit alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the SEC. The complaint asserts that HMA, its Chief Executive Officer, and its current and former Chief Financial Officers made materially false and misleading statements during the Class Period.

Throughout the Class Period, Defendants repeatedly touted HMA's strong financial performance and growth, its increase in hospital admission rates, and its compliance with all applicable laws and regulations. However, on August 3, 2011, Defendants announced that the U.S. Department of Health and Human Services had issued a subpoena requesting "information on [HMA's] physician referrals as well as ownership and management at our whole-hospital physician joint ventures, among other items." On this news, shares of HMA common stock fell by $0.80, to close at $7.97 per share.

Then, on January 9, 2012, an analyst from CRT Capital Group issued a report stating that HMA's former compliance director, Paul Meyer, filed a lawsuit against the Company for violation of Florida's Private Sector Whistleblower's Act. In addition to being HMA's Director of Compliance at the time of his wrongful termination, Meyer was a thirty-year veteran of the FBI, Healthcare Fraud Unit, in Miami. On this news, shares of Health Management dropped another $0.53 per share, falling from $7.49 per share to $6.96.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Health Management Associates, Inc., HMA Securities Fraud Legal Help

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Published on Jan-27-12