Case Page

 

Case Status:    SETTLED
On or around 08/22/2002 (Date of order of final judgment)

Filing Date: March 05, 1998

According to the firm's Form 10-K dated November 14, 2002, following a series of settlement discussions, the parties reached an agreement to settle both the federal class action, and a related state class action, for $42 million. Under the terms of the settlement, Apria has paid $1 million and its insurance carriers have paid $41 million. Pursuant to the settlement, the District Court class action was dismissed on August 21, 2002 by entry of an Order dismissing the action with prejudice.

The original complaint alleged the defendants were involved with a fraudulent scheme involving the merger of Homedco Group Inc. ("Homedco") and Abbey Healthcare Group Inc. ("Abbey") to form Apria in July 1995. Specifically, defendants represented to the public that the merger would achieve significant cost savings, was moving smoothly and rapidly through the integration process, and that the combined company would
experience and was experiencing economies of scale and efficiencies in field
operations. In truth, Apria's new computerized billing system, the "lifeblood
of the Company," was consistently billing insurance companies for the wrong
types of payments and/or authorizing services not covered by the subject
insurance, causing insurance companies to reject the bills and Apria to
accumulate massive amounts of accounts receivable of doubtful collectibility.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AHG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 98-CV-00217
JUDGE: Hon. Gary L. Taylor
DATE FILED: 03/05/1998
CLASS PERIOD START: 03/02/1995
CLASS PERIOD END: 01/20/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
  2. Dennis J. Johnson
    1690 Williston Road, Dennis J. Johnson, VT 5402
    888.459.7855 · LODJJ@aol.com
  3. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  4. Finkelstein, Thompson & Loughran
    1050 30th Street, NW, Finkelstein, Thompson & Loughran, DC 20007
    202.337.8000 202.337.8090 · contact@ftllaw.com
  5. Prongay & Borderud
    881 Alma Real Drive, Suite 211, Prongay & Borderud, CA 90272
    310.573.3600 ·
  6. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  7. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 98-CV-00217
JUDGE: Hon. Gary L. Taylor
DATE FILED: 08/06/1998
CLASS PERIOD START: 05/22/1995
CLASS PERIOD END: 01/20/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. Milberg Weiss Bershad Hynes & Lerach LLP (Los Angeles, CA)
    355 S Grand Ave - Ste 4170, Milberg Weiss Bershad Hynes & Lerach LLP (Los Angeles, CA), CA 90071-3172
    213.617.9007 ·
  3. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
No Document Title Filing Date
No Document Title Filing Date