AdaptHealth’s $35 Million Investor Deal Gets Final Court Nod (1)

AdaptHealth Corp.‘s $35 million settlement earned a federal judge’s final approval to resolve investor class claims that it concealed a fraudulent billing scheme and poor merger integrations.

The investors’ counsel will get a quarter of that sum—$8.75 million—in attorneys’ fees and more than $191,000 reimbursed for litigation expenses plus interest, Judge Mia Roberts Perez said, giving her final approval of the deal Wednesday. The agreement in the US District Court for the Eastern District of Pennsylvania ends almost three years of litigation over whether the home medical equipment company misrepresented its ability to incorporate acquisitions into its existing compliance ...