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Case Status:    SETTLED
On or around 02/04/2004 (Date of order of final judgment)

Filing Date: April 08, 1997

According to the docket, on February 4, 2004, the court gave final approval of the settlement and issued its Order and Final Judgment.

In the Company's SEC 10-Q filing for the quarter ended September 30, 2003, HCA said they reached a preliminary understanding with attorneys representing shareholder groups to settle class action securities lawsuits originally filed in 1997. Under the preliminary understanding, HCA will establish a $49.5 million settlement fund to pay class members based on their individual claims. This settlement is subject to execution of a definitive settlement agreement and approval by the United States District Court for the Middle District of Tennessee.

According to the firm's 10-K filing dated 3/30/2001, on July 28, 2000, the District Court entered an order granting the defendants' motions to dismiss in Morse. The District Court's order dismissed Morse with prejudice. On or about August 10, 2000, plaintiffs filed a motion to alter or amend judgment and for leave to file an amended complaint and requested oral argument on their motion. The plaintiffs' motion to alter or amend was denied in October 2000. On October 18, 2000, plaintiffs filed their Notice of Appeal.

The original complaint alleged that, beginning as early as April 1990, and continuing to the present time, defendants engaged in a massive fraud to inflate Columbia's revenues and earnings of by fraudulently obtaining from the United States and other third-party insurers hundreds of millions of dollars for counseling, therapy, medication, and other therapeutic procedures that were never rendered, unnecessary, inappropriate, billed at inflated rates, or otherwise improper, and for medical devices that were unnecessary or never provided. One of the means by which defendants allegedly defrauded Medicare was through the practice of upcoding, in which hospitals receive larger payments from Medicare by inflating the seriousness of illnesses they treat.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: COL
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: M.D. Tennessee
DOCKET #: 97-CV-0370
JUDGE: Hon. Thomas A. Higgins
DATE FILED: 04/08/1997
CLASS PERIOD START: 04/08/1994
CLASS PERIOD END: 03/19/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bramlett Law Offices (Nashville)
    2828 Stouffer Tower, P.O. Box 150734, Bramlett Law Offices (Nashville), TN 37215-0734
    615.248.2828 ·
  2. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  3. Garwin, Bronzaft, Gerstein & Fisher
    1501 Broadway Suite 1416, Garwin, Bronzaft, Gerstein & Fisher, NY 10036
    212.398.0050 · gbgf@aol.com
  4. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date
COURT: M.D. Tennessee
DOCKET #: 97-CV-0370
JUDGE: Hon. Thomas A. Higgins
DATE FILED: 11/24/1997
CLASS PERIOD START: 04/09/1994
CLASS PERIOD END: 09/09/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett Law Office PA.
    404 Court Square North - P.O. Box 987, Barrett Law Office PA., MS 39095
    662.834.2376 ·
  2. Barrett, Johnston & Parsley
    217 Second Avenue, N, Barrett, Johnston & Parsley, TN 37201
    615.244.2202 ·
  3. Bramlett Law Offices (Nashville)
    2828 Stouffer Tower, P.O. Box 150734, Bramlett Law Offices (Nashville), TN 37215-0734
    615.248.2828 ·
  4. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  5. Fried, Frank, Harris, Shriver & Jacobson
    One New York Plaza, Fried, Frank, Harris, Shriver & Jacobson, NY 10004
    212.859.8000 ·
  6. Garwin, Bronzaft, Gerstein & Fisher
    1501 Broadway Suite 1416, Garwin, Bronzaft, Gerstein & Fisher, NY 10036
    212.398.0050 · gbgf@aol.com
  7. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  8. Morris and Morris LLC (Former Address)
    1105 North Market Street, Suite 1600, Morris and Morris LLC (Former Address), DE 19801
    800.296.0410 · firm@morrisandmorrislaw.com
  9. Wechsler Harwood LLP
    488 Madison Avenue 8th Floor, Wechsler Harwood LLP, NY 10022
    212.935.7400 · info@whhf.com
No Document Title Filing Date