DaVita Settles Investors' Patient-Steering Suit For $135M

Law360 (September 18, 2020, 8:08 PM EDT) -- Investors in dialysis services provider DaVita Inc. on Friday said they'd brokered a $135 million settlement with the company, which, if approved, would end claims DaVita hurt investors by pressuring patients to enroll in private insurance plans.

In their motion for preliminary approval of the settlement, the investors told U.S. District Judge William J. Martinez that if he signed off on their deal with DaVita, it would be the second-largest all-cash securities class action settlement ever reached in Colorado federal court.

"This is an extraordinary recovery," the investors said Friday, noting that the sum would provide "between 31% and 43% of...

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