| COMPANY |
Envision Healthcare Corporation |
| COURT |
United States District Court for the Middle District of Tennessee |
| CASE NUMBER |
17-cv-01112 |
| JUDGE |
The Hon. William Lynn Campbell Jr. |
| CLASS PERIOD |
February 3, 2014 - October 31, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
This is a securities fraud class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Envision Healthcare Corporation (“Envision”) common stock between February 3, 2014 and October 31, 2017, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) EmCare routinely arranged for patients who sought treatment at in-network facilities to be treated by out-of-network physicians; (2) EmCare accordingly billed these patients at higher rates than if the patients had received treatment from in-network physicians; (3) the Company’s statements attributing EmCare’s Class Period growth to other factors were therefore false and/or misleading; (4) Envision’s EmCare revenues were likely to be unsustainable after the foregoing conduct came to light; and (5) as a result of the foregoing, Envision’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On March 21, 2024, the Court granted the Motion for Settlement and dismissed the case. This action has concluded.
The deadline to file a claim is April 8, 2024. If you have any questions or need further information about this settlement, you may go to the following website, www.EnvisionSecuritiesLitigation.com, or you can contact the claims administrator, Gilardi & Co. at 1-866-642-0760.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.