You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Frist/HCA: another dot to connect? (pension fund sues HCA) [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-15-05 11:06 PM
Original message
Frist/HCA: another dot to connect? (pension fund sues HCA)
Advertisements [?]

A Pennsylvania union pension fund is suing HCA, explicitly outlining insider malfeasance and manipulation. Pensions & Investments reports:

Attorneys representing the pension fund claim that HCA Chairman and CEO Jack O. Bovender Jr., President and COO Richard M. Bracken and CFO Robert Milton Johnson issued false statements about the companys performance from Jan. 12 through July 12 that caused HCAs shares to trade at artificially inflated levels, the complaint said. The filing also noted the defendants had access to adverse undisclosed information about HCAs business, financial condition and prospects at the time they made materially false and misleading representations.

So nice timing, Senator Frist. Just a coincidence I'm sure. Just a coincidence as much as that old "blind trust" was really blind?

It will be interesting to see what is revealed in the course of the pension suit. Recall the serendipitous timing of the senator's HCA sale:

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC