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Health Co. Says Investors Were Well-Informed Before Spinoff

By Dean Seal ( September 4, 2018, 8:25 PM EDT) -- Quorum Health Corp. urged a Tennessee federal judge not to grant class certification to shareholders alleging the common stock they purchased was being traded at an inflated price because Quorum had not disclosed expected impairments from its spinoff from Community Health Systems Inc., saying the spinoff did not impact its stock price and is unsupported by the "fraud-on-the-market" theory....

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