October 11, 2015
Nobilis Health is a publicly traded company on the NYSE which owns day surgery centers and pain management facilities across the country. On October 9, 2015, Nobilis was maliciously attacked by an anonymous blogger who was a declared short position on the company’s stock. The Blogger’s false allegations and misleading statements caused a precipitous drop in Nobilis’ share value of 27% in one day.
Randy Hopper was retained by a Special Committee of the Nobilis Board as Special Independent Counsel to investigate the Blogger’s allegations as true or false. Mr. Hopper retained his friend and former co-lead counsel, Lanny Davis, White House Counsel to President Clinton, to join him as Special Independent Counsel in this matter. After a thorough investigation of the blogger’s accusations, the Hopper/Davis Team concluded that the allegations were false, misleading and lacking in factual foundation. These findings were presented in an Independent Report to the Special Committee of the Board and presented to analysts, investors and the media in a teleconference on November 3, 2015, attended by 364 interested parties. Following the presentation, Nobilis’ share value rebounded by 33%.