SOURCE: Shareholders Foundation

Shareholders Foundation

October 15, 2013 09:36 ET

Lawsuit on Behalf of Investors in Chemed Corporation (CHE) Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwired - Oct 15, 2013) - The Shareholders Foundation, Inc. announces that a lawsuit is pending filed on behalf of certain investors in shares of Chemed Corporation (CHE) over alleged Securities Laws Violations by Chemed Corporation.

If you purchased shares of Chemed Corporation (CHE) in 2010 or earlier and currently hold any of those CHE shares, you have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The lawsuit which was initially filed in January 2012 alleged that defendants allegedly misrepresented and/or failed to disclose that, among other things, the Chemed Corporation engaged in a scheme to fraudulently bill Medicare for hospice services for patients who did not qualify for hospice and fraudulently shifted the costs of those patients from health maintenance organizations that covered those patients prior to enrollment in hospice to the U.S. government, that a significant portion of the Company's hospice enrollments, revenues and earnings were the direct result of defendants' scheme to enroll ineligible patients in hospice and fraudulently bill Medicare for hospice services, and that the Chemed Corporation's financial results were materially overstated as a result of defendants' fraudulent scheme to enroll ineligible patients in hospice.

In May 2013 Chemed Corporation announced the receipt of a false claims action complaint. Chemed Corporation said that the government filed a False Claims Act complaint against the Company and certain of its hospice-related subsidiaries.

Those who purchased shares of Chemed Corporation (CHE) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

  • CONTACT:
    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    mail@shareholdersfoundation.com
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108