Chemed Pays $6M To Exit Investors' Medicare Fraud Suit

Law360, Washington (February 7, 2014, 2:14 PM EST) -- Chemed Corp. has agreed to pay $6 million to settle a putative class action in Ohio federal court accusing it of misleading shareholders about a scheme to defraud Medicare and Medicaid, according to court filings made public Thursday.

The deal, reached between Chemed, several of its top brass and lead plaintiffs Electrical Workers Pension Fund, Local 103, I.B.E.W. and the Greater Pennsylvania Carpenters Pension Fund, resolves allegations that Chemed concealed that its VITAS Hospice LLC unit had operated a scheme to enroll and keep many Medicare...
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