RehabCare CEO Cheated Investors In Kindred Deal: Suit

Law360, New York (February 17, 2011, 1:33 PM EST) -- A retirement fund has hit RehabCare Group Inc. with a proposed class action accusing its CEO and board of taking big payments at the expense of shareholders with its $1.3 billion sale to Kindred Healthcare Inc.

RehabCare CEO and board member John H. Short was motivated by a $1.25 million payday and let the company be sold for a song despite its "stellar revenue growth," the Norfolk County Retirement System alleges in a suit filed Tuesday in the Court of Chancery of the State of Delaware....
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