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Management Newsletter Article | June 30, 1990

CompCare Settles Shareholder Suit

By Market Intelligence Team

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Comprehensive Care Corporation of St. Louis, Missouri has settled a shareholder class-action suit that was related to its failed attempt to merge with First Hospital Corporation. The company will pay shareholders $150,000 in cash and issue 687,500 shares of stock (valued at $1.8 million) to settle the suit, according to a report in the July 16, 1990 issue, of Health Week. CompCare has also disclosed that it filed a breach-of-contract suit in U.S. District court in New York against First Hospital . . .

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