INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Adeptus Health Inc. & Encourages Investors ...
October 28 2016 - 1:22PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces a class action lawsuit has been filed against Adeptus
Health Inc. (“Adeptus” or the “Company”) (NYSE: ADPT). Investors
who purchased or otherwise acquired shares 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”) are encouraged to contact the firm in advance of the
December 27, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that during the Class Period, 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, 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 information was disclosed to the
public, shares of Adeptus Health declined in value, causing
investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161028005759/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com