Murray v. Hospital Corp. of America
District Court, M.D. Tennessee
1Opinion of the Court
MEMORANDUM
WISEMAN, Chief Judge.
Plaintiffs Florence and Margaret M. Murray (Murrays), present shareholders of defendant Hospital Corporation of America (HCA), and Murray & Murray Co., L.P.A., Profitr-Sharing Plan & Trust and Murray & Murray Co., L.P.A., Pension Plan & Trust (Plans), two former shareholders of HCA, initiated this federal securities action against HCA and all but one of its current directors in May, 1987. 1 In their Second Amended Complaint, plaintiffs seek $1.5 billion in compensatory damages and an additional $1 billion in punitive damages for alleged violations of sections…
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