An investigation for investors in shares of LHC Group, Inc. (NASDAQ:LHCG) over potential wrongdoing by certain officers and directors was announced and current long-term NASDAQ:LHCG stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 12/04/2013 -- An investigation on behalf of investors, who purchased shares of LHC Group, Inc. (NASDAQ:LHCG) in 2009 or earlier and currently hold any of those NASDAQ:LHCG shares, was announced concerning whether certain Best Buy officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholders in shares of LHC Group, Inc. (NASDAQ:LHCG) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns, among other things, whether certain LHC Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.
LHC Group, Inc currently faces a lawsuit over alleged securities laws violations. According to the complaint the plaintiff alleges that the defendants allegedly failed to disclose that the reported growth in LHC Group's home-based healthcare segment between July 30, 2008 and October 26, 2011, was created, in large part, by LHC Group, Inc. engaging in a pattern of practice designed to achieve the most profitable number of therapy visits under the Medicare home health program, manipulating the number of patient visits, regardless of patient need, to maximize revenue.
Shortly after LHC Group, Inc agreed to a $65 million settlement over allegations that it overbooked patients for unneeded therapy to squeeze more money from Medicare between 2006 and 2008 the Senate Finance Committee issued a report “disclosing that the improper and illegal manipulation of the number of therapy visits provided to patients had continued even after the period covered by the settlement."
On October 29, 2013, NASDAQ:LHCG shares closed at $20.91 per share.
Those who are current long-term stockholders of shares of LHC Group, Inc. have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
Shareholders Foundation, Inc.
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