In Re HealthSouth Corporation Securities Litigation 03-CV...
Transcript of In Re HealthSouth Corporation Securities Litigation 03-CV...
FILED2007 Oct-03 PM 07:15
U.S. DISTRICT COURTN.D. OF ALABAMA
UNITED STATES DISTRICT COURTNORTHERN DISTRICT OF ALABAMA
SOUTHERN DIVISION
In re HEALTHSOUTH ) Consolidated Case No.CORPORATION SECURITIES ) CV-03-BE-1500-SLITIGATION ) ) CLASS ACTION
)This Document Relates To: )
MOTION FOR CLASSCERTIFICATION
)In re HealthSouth Corporation )Stockholder Litigation, Consolidated )Case No. CV-03-BE-1501-S )
)
Plaintiffs Central States, Southeast and Southwest Area’s Pension Fund
(“Central States”), New Mexico State Investment Council and the Educational
Retirement Board of New Mexico (“New Mexico”), the State of Michigan Retirement
Systems (“Michigan”), Julius McQueen, Marsha Kouba, David Dubrow (NSC
Merger), Donald Angle, Jack Kennedy, Dale Willetts (TCD Merger), Franklin and
Rosalyn Ross, Trustees of the Franklin A. Ross and Rosalyn J. Ross Revocable Living
Trust (Horizon Merger), respectfully move the Court as follows:
1. To certify a plaintiff class consisting of all persons who, between April
24, 1997 and March 18, 2003 (the “Stockholder Class Period”), purchased or
otherwise acquired the stock or options of HealthSouth Corporation (“HRC,”
“HealthSouth” or the “Company”), and were damaged thereby (the “Stockholder
Class”). Included in the Stockholder Class are persons who acquired HealthSouth
securities in exchange for the stock or options of the National Surgery Centers, Inc.
(“NSC”), Horizon/CMS Healthcare Corporation (“Horizon”) and The Company
Doctor (“TCD”) mergers (the “Merger Subclasses”). Excluded from the Stockholder
Class and Merger Subclasses are current and former defendants, members of the
immediate family of any current or former defendants, the directors, officers,
subsidiaries and affiliates of HealthSouth, any person, firm, trust, corporation, officer,
director or other individual or entity in which any current or former defendant has a
controlling interest, and the legal representatives, affiliates, heirs, successors-in-
interest, or assigns of any such excluded party.
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2. To appoint Central States, New Mexico, Michigan and Julius McQueen
class representatives on behalf of the Stockholder Class.
3. To appoint Merger Subclass Plaintiffs Marsha Kouba, David Dubrow,
Donald Angle, Jack Kennedy, Dale Willetts, Franklin and Rosalyn Ross, Trustees of
the Franklin A. Ross and Rosalyn J. Ross Revocable Living Trust class
representatives on behalf of the Merger Subclasses.
4. To appoint Co-Lead Counsel Coughlin Stoia Geller Rudman & Robbins
LLP and Labaton Sucharow LLP; Co-Liaison Counsel Whatley, Drake & Kallas LLC
and Riley Jackson, P.C. Class Counsel.
5. To appoint Schatz, Nobel & Izard P.C. and Ragsdale LLC as separate
counsel for the Merger Subclasses.
In support of this Motion, the Stockholder Plaintiffs file the attached
Memorandum of Points and Authority and related exhibits.
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WHEREFORE, the Stockholder Plaintiffs respectfully request that their Motion
for Class Certification be granted.
DATED: October 3, 2007 Respectfully submitted,
COUGHLIN STOIA GELLERRUDMAN & ROBBINS LLP
PATRICK J. COUGHLINJONAH H. GOLDSTEINJOHN J. RICEJAMES A. CAPUTODEBRA J. WYMANRYAN A. LLORENSJENNIFER Y. LAINATHAN R. LINDELL
s/ Patrick J. Coughlin PATRICK J. COUGHLIN
655 West Broadway, Suite 1900San Diego, CA 92101Telephone: 619/231-1058619/231-7423 (fax)
LABATON SUCHAROW LLPTHOMAS A. DUBBSJAMES W. JOHNSONJOSEPH A. FONTIMICHAEL H. ROGERSKELSO L. ANDERSON140 Broadway, 34th FloorNew York, NY 10005Telephone: 212/907-0700212/818-0477 (fax)
Co-Lead Counsel for Co-Lead Plaintiffs
WHATLEY, DRAKE & KALLAS, LLCJOE R. WHATLEY, JR.RUSSELL JACKSON DRAKEG. DOUGLAS JONESOTHNI J. LATHRAM2001 Park Place North Suite 1000Birmingham, AL 35263Telephone: 205/328-9576205/328-9669 (fax)
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RILEY & JACKSON, P.C.ROBERT R. RILEY, JR.1744 Oxmoor RoadBirmingham, AL 35209Telephone: 205/879-5000205/879-5901 (fax)
Co-Liaison Counsel for Co-Lead Plaintiffs
O’DONOGHUE & O’DONOGHUE LLPLOUIS P. MALONECHARLES W. GILLIGAN4748 Wisconsin Avenue, N.W.Washington, DC 20016Telephone: 202/362-0041202/362-2640 (fax)
CICCARELLO DEL GIUDICE &LAFON
MICHAEL J. DEL GIUDICE1219 Virginia Street, East, Suite 100Charleston, WV 25301Telephone: 304/343-4440304/343-4464 (fax)
Additional Counsel for PlaintiffsSCHATZ NOBEL IZARD, P.C.ANDREW M. SCHATZJEFFREY S. NOBELSETH R. KLEIN
s/ Seth R. Klein SETH R. KLEIN
One Corporate Center20 Church Street, Suite 1700Hartford, CT 06103Telephone: 860/493-6292860/493-6290 (fax)RAGSDALE LLCClay Ragsdale2100 Third Avenue North, Suite 820Birmingham, AL 35203Telephone: 205/251-4775205/251-4777 (fax)Additional Counsel for Merger Subclasses
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CERTIFICATE OF SERVICE
I hereby certify that on October 3, 2007, I electronically filed the foregoing with
the Clerk of the Court using the CM/ECF system which will send notification of such
filing to the e-mail addresses denoted on the attached Electronic Mail Notice List, and
I hereby certify that I have mailed the foregoing document or paper via the United
States Postal Service to the non-CM/ECF participants indicated on the attached
Manual Notice List.
I certify under penalty of perjury under the laws of the United States of America
that the foregoing is true and correct. Executed on October 3, 2007.
s/ Patrick J. Coughlin PATRICK J. COUGHLIN
COUGHLIN STOIA GELLERRUDMAN & ROBBINS LLP
655 West Broadway, Suite 1900San Diego, CA 92101-3301Telephone: 619/231-1058619/231-7423 (fax)E-mail: [email protected]
CM/ECF - U.S. District Court Northern District of Alabama Page 1 of 10
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• Beth A [email protected]
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Manual Notice List
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The following is the list of attorneys who are not on the list to receive e-mail notices for this case (whotherefore require manual noticing). You may wish to use your mouse to select and copy this list intoyour word processing program in order to create notices or labels for these recipients.
Eric GreenRESOLUTIONS LLC222 Berkeley StreetBoston, MA 02116
Merger Subclass,
Richard M. Scrushyc/o Arthur W. Leach2310 Marin DriveBirmingham, AL 35243
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SERVICE BY MAIL In re HealthSouth Sec. Litig.
Master File No. CV-03-BE-1500-S
Served by first-class U.S. Mail:
Eric Green Suzan M. SanfordRESOLUTIONS LLC First Assistant Attorney General222 Berkeley Street Consumer Protection DivisionBoston, MA 02116 Michigan Attorney General
P.O. Box 30755Lansing, MI 48909
Andrew J. Entwistle Michael A. Cox, Attorney GeneralRobert N. Cappucci Michigan Department of Attorney GeneralJohnston F. Whitman, Jr. G. Mennen Williams Building, 7th FloorEntwistle & Cappucci LLP 525 West Ottawa Street280 Park Avenue Lansing, MI 4890926th Floor WestNew York, New York 10017-1216
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