DaVita Can't Dodge Investor Suit Over Private Insurance Push

Law360 (March 29, 2019, 4:23 PM EDT) -- Dialysis services provider DaVita Inc. must face a putative investor class action accusing it of making false statements about its financial performance and ties to a major nonprofit, according to a Colorado federal judge who rejected its dismissal bid Thursday.

The medical group allegedly told shareholders that increased revenue was due to an improved economy while it covered up its company-wide push to convert end-stage renal disease patients on Medicare and Medicaid to private insurance paid for by the American Kidney Fund, the proposed class alleged.

U.S. District Judge William J. Martinez found that the investors sufficiently argued that DaVita and...

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