CASES
Gentiva Health Services, Inc.
Class Period: Jul 31, 2008 to Jul 20, 2010
Lead Plaintiff Deadline: Jan 7, 2011 + Deadline passed
Summary of Case:
A securities class action has been filed against Gentiva Health Services, Inc. (GTIV) ("Gentiva"or the "Company") on behalf of all securities purchasers from July 31, 2008 through July 20, 2010, inclusive ("Class Period"), in the United States District Court for the Eastern District of New York.
The complaint alleges that on July 31, 2008, Gentiva issued a press release announcing its financial results for the fiscal quarter ended June 29, 2008. These statements were materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts, which were known to defendants or recklessly disregarded by them: (1) that Gentiva improperly increased 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; (2) as a result of the Company's improper conduct, its reported sales and earnings were materially and wrongfully inflated; (3) and based on the foregoing, defendants lacked a basis for their positive statements about the Company, its prospects and growth.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.