secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000950170-24-114325
Event type: litigation
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

UHS subsidiary's punitive damages reduced to $120M from $475M; appeal planned
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- Trial court ordered remittitur of punitive damages from $475M to $120M on Oct 10, 2024.
- Compensatory damages of $60M from March 2024 jury verdict for patient sexual assault unchanged.
- Plaintiff has 21 days to accept or refuse remittitur; Pavilion intends to appeal final judgment.
- Company warns final resolution could have material adverse effect on financials.
- Case relates to sexual assault of one minor patient by another at Pavilion Behavioral Health in 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000095017024114325/0000950170-24-114325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000095017024114325/uhs-20241010.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-114325

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