NEW YORK, Aug. 6, 2012 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of HCA Holdings, Inc. ("HCA Holding" or the "Company") (NYSE: HCA -News), concerning potential violations of federal securities laws and breaches of fiduciary duty by the Company and certain of its officers.
On August 6, 2012, shares of HCA Holdings were down approximately 6% in morning trading, after the Company revealed in a regulatory filing that U.S. authorities are looking into the billing practices and the medical necessity of heart procedures performed at hospitals operated by HCA Holdings Inc. The Company disclosed that the Department of Justice was reviewing whether charges to the federal government related to use of implantable cardio-defibrillators (ICDs) met with Medicare billing criteria. It said the department would be reviewing ICD billing and medical records at 95 of its hospitals. The Company also said the U.S. Attorney's office in Miami had requested information on reviews assessing the medical necessity of certain interventional heart procedures. HCA Holdings said it believes such reviews have taken place at about 10 of its hospitals, primarily in Florida.
If you are aware of any facts relating to this investigation, or purchased shares of HCA Holdings, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC