AHCO.US
id: 1120
AdaptHealth $AHCO (f/k/a DFB Healthcare) $51M + 1M Shares Settlement
Late claims are being considered for compensation, subject to approval.
$51,000,000
Cash SettlementE.D. Pennsylvania
Court2:21-cv-03382
Case number11/08/2019
Class period Start07/16/2021
Class period End07/15/2024
Claim deadlineAdaptHealth (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.
Case Status
Accepting Late Claims
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
07/29/2021
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
06/20/2024
Exclusion deadline
05/29/2024
Objection deadline
05/29/2024
Hearing deadline
05/29/2024
Settlement conditions
+1,000,000 Shares
Trades matching type
FIFO
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