Accretive Investor Sues Board Over Collection Practices

Law360, Wilmington (November 9, 2012, 7:47 PM EST) -- Accretive Health Inc. is facing another shareholder derivative suit targeting the medical billing company's board over aggressive — and allegedly unethical — debt collection efforts against hospital patients, according to a complaint unsealed Friday in Delaware.

Shareholder Robert Doyle wants Accretive CEO Mary A. Tolan and Chairman Michael J. Kline ousted and the entire board held responsible for the business and legal fallout from its collection practices, which drew a high-profile lawsuit from Minnesota’s attorney general and got the Chicago-based company barred from doing business in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.