We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

RehabCare CEO Cheated Investors In Kindred Deal: Suit

Law360 (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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.