DaVita Investors Want First Court OK of $135 Million Settlement

Sept. 21, 2020, 5:40 PM

DaVita Inc. investors asked a federal judge in Colorado to preliminarily approve a $135 million settlement they reached with the dialysis company to resolve a would-be class suit.

Investors accused DaVita of misleading them about a purported scheme to steer patients toward private health plans with higher reimbursement rates for its dialysis services. The deal follows “more than three years of hotly contested litigation,” investors told the U.S. District Court for the District of Colorado Sept. 18.

The recovery would be “the second largest all-cash settlement of a securities class action in this District’s history,” the investors said. It represents ...

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