Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC, a shareholder rights firm, announces a class action lawsuit
has been filed against Adeptus Health Inc. (“Adeptus Health” or the
“Company”) (NYSE: ADPT) on behalf of purchasers of Adeptus Health
securities pursuant and/or traceable to the Company’s secondary public
offering (the “SPO”) on or about July 31, 2015, or purchasers of common
shares between April 23, 2015 and November 16, 2015, inclusive (the
“Class Period”). Investors, who purchased or otherwise acquired shares
during the SPO or the Class Period, are encouraged to contact the firm
in advance of the December 27, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC,
at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
The complaint alleges that Adeptus Health made material false and/or
misleading information and/or failed to disclose: that the Company
engaged in widespread predatory billing practices, particularly with
respect to lower acuity level patients; that Adeptus Health’s predatory
billing practices subjected the Company to numerous known but
undisclosed risks, such as financial risks, reputational risks, risks
associated with improper financial reporting, civil or criminal
sanctions, and even exclusion from federal and state healthcare
programs; that the Company’s financial statements were not prepared in
conformity with Generally Accepted Accounting Principles; that contrary
to the Company’s representations about its practice of referring lower
acuity patients to urgent care facilities, Adeptus Health routinely
treated lower acuity patients and excessively billed them for services;
and that as a result of the above, Adeptus Health lacked a reasonable
basis for its statements about its business and future financial
prospects at all relevant times. On November 17, 2015, KUSA, an
NBC-affiliated television station located in Denver, Colorado, aired an
investigative report about the predatory billing practices at Adeptus
Health’s Colorado First Choice emergency rooms. When this news was
announced, shares of Adeptus Health fell in value, causing investors
harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161027007021/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
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