Accretive Execs Duck Derivative Suit Over FDCPA Woes

Law360, New York (September 25, 2013, 3:44 PM EDT) -- An Illinois federal judge on Tuesday tossed consolidated shareholder derivative litigation over allegedly unlawful medical debt collection practices and patient privacy violations that sent Accretive Health Inc. stock plummeting, ruling the plaintiffs failed to allege the company's board members had knowledge of illegal activity.

U.S. District Judge Gary Feinerman dismissed the complaint but gave the plaintiffs an opportunity to amend their suit, which accuses Accretive's board of directors of failing to monitor the company closely enough to prevent it from engaging in violations of the Fair...
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