Industry Note:
Chain Settles Shareholder Suit For $43.75 Million
Published on Fri Jun 23, 2017
Insurance covers $15 million. Three years after coughing up $150 million to settle Medicare billing fraud charges, Amedisys Inc. has agreed to pony up another $43.75 million to settle a class action lawsuit from shareholders. Reminder: The Baton Rouge, La.-based company first revealed the $150 million settlement in November 2013, then it was finalized the following May. The billing violations [...]