A dissatisfied class member failed Dec. 9 to overturn a $14 million settlement of class securities litigation against health services provider Accretive Health Inc. (Wong v. Accretive Health Inc., 7th Cir., 14-2191, 12/9/14).
Judge Daniel Manion, U.S. Court of Appeals for the Seventh Circuit said the district court properly refused to “`quantify the net expected value of continued litigation’” in signing off on the agreement.
Damaging Report.
The court recounted that Accretive allegedly made material misrepresentations regarding its regulatory compliance and adherence to certain multimillion dollar contracts with another health-services entity. Accretive’s alleged misconduct came to light in ...
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