Cases & Investigations
Amedisys, Inc. Securities Litigation
Type: Notable Cases
Case Number: 10-CV-00395
Class Period: August 2, 2005 through September 30, 2011
Stock Symbol: NASDAQ: AMED
Court: United States District Court for the Middle District of Louisiana
Claim Deadline: 01/16/2018
Settlement Website: http://amedisyssecuritieslitigation.com
Settlement Amount: $43,750,000
The District Court initially granted Defendants’ motions to dismiss the complaint. However, Co-Lead Plaintiffs successfully appealed that dismissal to the U.S. Court of Appeals for the Fifth Circuit, which reversed the dismissal and remanded the case to the District Court for further proceedings. See 769 F.3d 313 (5th Cir. 2014). Defendants’ petition for a writ of certiorari to the Supreme Court and subsequent motion to dismiss the amended complaint were both denied. The parties reached a settlement in the amount of $43.75 million, which was approved by the Court on December 20, 2017.
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