Gentiva Says Investors Can't Back Up Medicare Fraud Claims

Law360, New York (June 18, 2012, 3:32 PM EDT) -- Gentiva Health Services Inc. said Friday that a consolidated class of shareholders had provided no evidence to support allegations that the nation's largest home health care provider misled investors about its financial health as lawmakers and regulators scrutinized the company's Medicare reimbursement practices.

Gentiva urged a New York federal judge to dismiss the suit, arguing the shareholders haven't sufficiently backed up their claims that the company violated the Securities Exchange Act by failing to disclose that it was improperly increasing the number of in-home therapy visits...
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