Gentiva Beats Medicare Billing Fraud Securities Suit

Law360, New York (March 26, 2013, 1:50 PM EDT) -- A New York federal judge Monday wiped out a proposed securities fraud class action accusing home health care company Gentiva Health Services Inc. of inflating its stock price by overbilling Medicare, finding no evidence executives acted with ill intent by trying to boost profits.

In a 71-page ruling, U.S. District Judge Arthur D. Spatt was unmoved by emails in which Gentiva management discussed growing revenues by increasing the number of therapy visits, saying nothing in the correspondence demonstrated a lack of concern for medical necessity....
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Case Information

Case Title

In re Gentiva Securities Litigation


Case Number

2:10-cv-05064

Court

New York Eastern

Nature of Suit

Securities/Commodities

Judge

Arthur D. Spatt

Date Filed

November 2, 2010

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