Universal Health Services said a jury on September 27, 2024 found the Cumberland unit liable and awarded the 3 plaintiffs combined compensatory damages of $60 million, an additional combined $180 million in trebled damages for violation of the VCPA, and combined punitive damages of $120 million.

1. 01

   Universal Health Services said a jury on September 27, 2024 found the Cumberland unit liable and awarded the 3 plaintiffs combined compensatory damages of $60 million, an additional combined $180 million in trebled damages for violation of the VCPA, and combined punitive damages of $120 million.

2. 02

   The company said Cumberland is evaluating all legal options and intends to challenge the verdict, including the amounts awarded, in post-trial proceedings and on appeal. It said it expects the punitive damages to be reduced under Virginia law to a combined maximum of $1.05 million. The company said there are approximately 40 additional plaintiffs making similar allegations.

3. 03

   Universal Health Services said a jury on March 28, 2024 returned a verdict awarding compensatory damages of $60 million and punitive damages of $475 million against the Pavilion. The company said aggregate insurance coverage remaining under commercial policies for the 2020 policy year is approximately $221 million, with a self-insured retention of $10 million per occurrence for professional liability claims.

4. 04

   Universal Health Services said the Knight v. Miller shareholder derivative lawsuit was dismissed with prejudice as to the plaintiff only and the case was closed under a Stipulation and Order entered by the court on September 27, 2024. The company said it agreed to pay $250,000 in attorneys’ fees and expenses to plaintiff’s counsel.

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