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Community Health Systems to Participate in 39th Annual J.P. Morgan Healthcare Conference

Press release content from Business Wire. The AP news staff was not involved in its creation. ....

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Community Health Systems, Inc. Announces Early Tender Results and Notice of Redemption for Its 6.250% Senior Secured Notes Due 2023

Press release content from Business Wire. The AP news staff was not involved in its creation.
Community Health Systems, Inc. Announces Early Tender Results and Notice of Redemption for Its 6.250% Senior Secured Notes Due 2023
December 28, 2020 GMT
FRANKLIN, Tenn. (BUSINESS WIRE) Dec 28, 2020
Community Health Systems, Inc. (the “Company”) (NYSE: CYH) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), to purchase for cash any and all of the Issuer’s outstanding 6.250% Senior Secured Notes due 2023 (the “2023 Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase Statement, dated December 11, 2020, as amended (the “Offer to Purchase”). ....

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Community Health Systems reaches settlement in 401(k) fiduciary breach suit

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CHS/Community Health Systems Inc., Franklin, Tenn., reached a settlement in a class-action lawsuit alleging the company breached its fiduciary duties in the investment management of its 401(k) plan.
The lawsuit, filed in U.S. District Court in Nashville in August 2019 by three 401(k) plan participants, alleged that CHS breached its fiduciary duties under the Employee Retirement Income Security Act of 1974 by offering excessively expensive and poorly performing index funds in the plan that were managed by Principal, according to the original court filing.
The lawsuit said Principal, the plan s record keeper, had a conflict of interest in offering its proprietary index funds despite fees that were several times higher than marketplace alternatives that tracked the exact same index. The suit also said the Principal index funds deviated further from the benchmark index so performance was worse than funds offered by other record keepers. ....

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Health system reaches settlement in 401(k) fiduciary breach suit

Health system reaches settlement in 401(k) fiduciary breach suit
Getty Images
CHS/Community Health Systems Inc., Franklin, Tenn., reached a settlement in a class-action lawsuit alleging the company breached its fiduciary duties in the investment management of its 401(k) plan.
The lawsuit, filed in U.S. District Court in Nashville in August 2019 by three 401(k) plan participants, alleged that CHS breached its fiduciary duties under the Employee Retirement Income Security Act of 1974 by offering excessively expensive and poorly performing index funds in the plan that were managed by Principal, according to the original court filing.
The lawsuit said Principal, the plan s record keeper, had a conflict of interest in offering its proprietary index funds despite fees that were several times higher than marketplace alternatives that tracked the exact same index. The suit also said the Principal index funds deviated further from the benchmark index so performance wa ....

Teresa Thoensen , Jerry Martin , Rossw Comeaux , Barrett Johnston Martin , Chs Community Health Systems Inc , Us District Court , Community Health Systems Inc , Employee Retirement Income Security Act , ஜெர்ரி மார்டின் , பாரெட் ஜான்ஸ்டன் மார்டின் , கிஸ் சமூக ஆரோக்கியம் அமைப்புகள் இன்க் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , சமூக ஆரோக்கியம் அமைப்புகள் இன்க் , ஊழியர் ஓய்வு வருமானம் பாதுகாப்பு நாடகம் ,