Holzer Holzer & Fistel, LLC Announces Investigation into Potential Claims for Breaches of Fiduciary Duty by Certain Officers ...
January 19 2012 - 10:51AM
Business Wire
Holzer Holzer & Fistel, LLC announces that it is
investigating potential breaches of fiduciary duty by certain
officers and directors of Chemed Corp. (“Chemed” or the “Company”)
(NYSE: CHE). On January 12, 2012, an institutional investor filed a
class action lawsuit in the Southern District of Ohio alleging that
Chemed violated the federal securities laws between February 15,
2010 and November 16, 2011 (the “Class Period”). The lawsuit
alleges, among other things, that throughout the Class Period
Chemed fraudulently billed Medicare for hospice services for
patients who did not qualify for hospice. According to the
complaint, this allegedly fraudulent scheme resulted in Chemed
overstating its financial results during the Class Period.
Holzer Holzer & Fistel, LLC’s investigation seeks to
determine if the allegations contained in the class action
complaint also give rise to separate claims for breaches of
fiduciary duty.
If you have continuously held shares since at least February 15,
2010, and plan to continue to hold at least some shares of CHE, and
would like to discuss your legal rights, you may contact Michael I.
Fistel, Jr., Esq. or Marshall P. Dees, Esq. via email at
mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free
telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com, and upon request from the firm. Holzer Holzer
& Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the
attorney responsible for its content.
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