Advertisement
Recently, on July 31, 2007 HMA updated its fiscal 2007 diluted EPS fromcontinuing operations objective range to be between $0.45 and $0.50 to reflectincreased uninsured volumes, due to the Company experiencing a deteriorationin the collectibility of accounts receivable from its uninsured patients.The Company also announced that for its second quarter of 2007 it took a $39.0million charge, and recorded it as an additional reserve to reflect thedecline in collectibility of accounts receivable from uninsured patients.
Advertisement
Keller Rohrback's investigation focuses on concerns that HMA and thePlan's administrators may have breached their fiduciary duties of loyalty andprudence to the Plan's participants. A breach may have occurred if thefiduciaries failed to prudently manage the Plan's assets, by among otherthings, offering HMA stock as a Plan investment option at a time when thestock was not a suitable and appropriate investment option. A breach also mayhave occurred if the fiduciaries withheld or concealed material informationfrom the Plan's participants with respect to the Company's business, financialresults and operations, thereby encouraging participants and beneficiaries tocontinue to make and maintain substantial investments of company stock in thePlan.
If you are a member of the Health Management Associates, Inc. RetirementSavings Plan and purchased or held HMA stock in the Plan, you may contactparalegal Jennifer Tuato'o or attorneys Eric Fierro, Derek Loeser, Ron Kilgardor Lynn Sarko toll free at 800/776-6044, or via e-mail [email protected].
Keller Rohrback is one of America's leading law firms handling ERISAretirement plan litigation. We are committed to helping employees and retireesprotect their retirement savings. Keller Rohrback serves as lead and co-leadcounsel in numerous ERISA class action cases, including cases against Enron,WorldCom, Inc., HealthSouth, and Marsh & McLennan Companies, as well as ERISAcash balance pension plan cases, including JPMorgan Chase & Co. KellerRohrback has successfully provided class action representation for over adecade. Its trial lawyers have obtained judgments and settlements on behalf ofclients in excess of seven billion dollars.CONTACT: Keller Rohrback L.L.P. Jennifer Tuato'o Paralegal 800/776-6044 [email protected] http://www.erisafraud.com
SOURCE Keller Rohrback L.L.P.
