Almost Family AFAM Stock Purchasers File Securities Fraud Class Action Lawsuit Complaint Against Almost Family, Inc. Over Home Therapy Visits And Medicare Reimbursements.
A securities fraud class action lawsuit has been filed against Almost Family, Inc. (“Almost Family”) and certain Almost Family executive officers and directors (collectively the “Defendants”) in the United States District Court for the Western District of Kentucky at Louisville (Case No. 3:10-cv-00520-JGH) on behalf of a class consisting of all purchasers of Almost Family common stock during the period between November 4, 2009 and June 30, 2010 (the “Class Period”), according to class action lawsuit news reports.
The Almost Family class action lawsuit complaint reportedly alleges that defendants violated federal securities fraud laws by failing to disclose that Almost Family was increasing the number of in-home therapy visits to patients for the purpose of triggering higher reimbursement rates under the Medicare home health prospective payment system, as those excess visits were not always medically necessary; and that Almost Family’s reported sales and earnings were inflated by the alleged scheme and subject to recoupment by Medicare.
For more information on the Almost Family securities class action lawsuit, read the Almost Family class action lawsuit complaint.
If You Have Thoughts On The Almost Family Securities Fraud Class Action Lawsuit, Share Your Class Action Comments Below.
you need to contact employs and workers the state of ohiio is investion them w medical fraud