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AHCO.US
id: 1120

AdaptHealth $AHCO (f/k/a DFB Healthcare) $51M + 1M Shares Settlement

E.D. Pennsylvania
Court
2:21-cv-03382
Case number
08 Nov 2019
Class period Start
16 Jul 2021
Class period End
15 Jul 2024
Claim deadline
AdaptHealth (AHCO) agreed to settle $51 million in cash and 1 million in shares with investors and $AHCO Call Option holders to end claims over overstating its organic growth trajectory by retroactively inflating past growth numbers without disclosing the changes, in violation of SEC regulations.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.63
Filing date
29 July 2021
Plaintiffs
Bucks County Employees’ Retirement System and Delaware County Employees Retirement System
Attorneys
Robbins Geller Rudman & Dowd LLP
Defendants
Luke McGee, Stephen P. Griggs, Jason Clemens, Frank J. Mullen, Richard Barasch, Joshua Parnes, Alan Quasha, Terence Connors, Dr. Susan Weaver, Dale Wolf, Bradley Coppens, David S. Williams III
Judge
Hon. Harvey Bartle, III
Administrator
Gilardi & Co LLC
Settlement agreement date
2024-02-26
Court hearing date
20 June 2024
Exclusion deadline
29 May 2024
Objection deadline
29 May 2024
Hearing deadline
29 May 2024
Settlement conditions
+1,000,000 Shares
Trades matching type
FIFO
+$51,000,000
Total Settlement Amount

Frequently Asked Questions

Adapthealth Corp

AdaptHealth Corp., together with its subsidiaries, sells home medical equipment (HME), medical supplies, and home and related services in the United States. The company provides sleep therapy equip...

    Ticker
    AHCO.US
    ISIN
    US00653Q1022
    CIK
    1725255
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    220 West Germantown Pike, Plymouth Meeting, PA, United States, 19462