SOURCE: Shareholders Foundation

Shareholders Foundation

September 16, 2013 09:40 ET

Lawsuit on Behalf of Investors in HCA Holdings Inc. (HCA) Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwired - Sep 16, 2013) - The Shareholders Foundation, Inc. announces that a lawsuit is pending on behalf of certain purchasers of HCA Holdings Inc. (HCA) common stock over alleged violations of Federal Securities Laws by HCA Holdings Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of HCA Holdings Inc. (HCA) pursuant or traceable to the HCA Holdings' Registration Statement and Prospectus issued in connection with its March 9, 2011 initial public offering or shortly thereafter have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that HCA Holdings Inc., certain of its officers and directors and the underwriters of its March 9, 2011 initial public offering violated the Securities Act of 1933 in connection with the March 9, 2011 IPO.

On October 1, 2011, a media article raised questions concerning the accounting for over $15billlion of HCA Holdings 2006 going private transaction worth over $20billion. The article said that "Simply put, after HCA was taken private, it was loaded with debt used to hand out billions of dollars to insiders. Then HCA was sold to public shareholders, whose investment's performance will be weighed down by that huge indebtedness for years."

The plaintiff seeks to recover damages on behalf of all persons or entities who acquired HCA common stock pursuant or traceable to the Company's Registration Statement and were damaged thereby.

The lawsuit was initially filed in 2011 and the court recently denied in part the defendants motion to dismiss the case.

Those who purchased shares of HCA Holdings Inc. have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

  • CONTACT:
    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    mail@shareholdersfoundation.com
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108