An investigation for investors in NYSE:ADPT shares was announced concerning potential breaches of fiduciary duties by certain directors and officers of Adeptus Health Inc.
Investors who are current long term investors in Adeptus Health Inc (NYSE:ADPT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for investors in YSE:ADPT stocks follows a lawsuit filed against Adeptus Health Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:ADPT stocks, concerns whether certain Adeptus Health officers and directors are liable in connection with the allegations made in that lawsuit.According to that complaint filed in the U.S. District Court for the Eastern District of Texas the plaintiff alleges that the defendants misrepresented and failed to disclose material adverse facts regarding the Company’s business and prospects, which were known to defendants or recklessly disregarded by them, including thatAdeptus Health had been engaging 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, including monetary 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 had not been prepared in conformity with generally accepted accounting principles, that contrary to defendants’ representations about the Company’s practice of referring lower acuity patients to urgent care facilities, Adeptus Health routinely treated lower acuity patients and excessively billed them for the services it rendered, and that as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about Adeptus Health’s then-current business and future financial prospects.
Those who purchased NYSE:ADPT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com