Odyssey Settles Shareholder Suits Over Gentiva Merger

Law360, New York (December 21, 2010, 8:34 PM EST) -- Odyssey Healthcare Inc. has settled two putative class actions brought by shareholders over Gentiva Health Services Inc.’s $1 billion acquisition of the company, agreeing to provide additional disclosures about the transaction.

Judge A. Joe Fish of the U.S. District Court for the Northern District of Texas entered an order Monday recognizing the settlement and directing the parties to present a final judgment or order of dismissal by April 29. The settlement also pertains to a state court action pending in Dallas County, Texas.

Odyssey has already...
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