Case Page

 

Case Status:    DISMISSED    
On or around 02/10/2012 (Court's order of dismissal)

Filing Date: August 03, 2010

According to the complaint filed August 02, 2010, during the Class Period, defendants issued materially false and misleading statements regarding the Company's operations and its business and financial results and outlook. Defendants misled investors by failing to disclose that: (i) the Company was deliberately increasing the number of unnecessary home therapy visits in order to receive increased Medicare reimbursements; and (ii) as a result of defendants' conduct, the Company's reported sales and earnings were materially inflated. As a direct result of defendants' false statements, Almost Family's common stock traded at artificially inflated prices during the Class Period, reaching a high of $43.96 per shares on April 29, 2010.

On December 22, 2010, the Court granted an order appointing lead plaintiffs and approving lead plaintiffs’ selection of co-lead counsel. On the same day, the Court also granted an order of administrative dismissal & consolidation of files, issuing the docket number for the lead case.

On March 04, 2011, a Consolidated Class Action Complaint was filed by the lead plaintiffs against the defendants.

On February 10, 2012, the Court issued an order granting the Defendant's motion to dismiss with prejudice, thereby closing the case.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AFAM
Company Market: NASDAQ
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: W.D. Kentucky
DOCKET #: 10-CV-00520
JUDGE: Hon. John G. Heyburn, II
DATE FILED: 08/03/2010
CLASS PERIOD START: 11/04/2009
CLASS PERIOD END: 06/30/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (Boca Raton)
    120 East Palmetto Park Road, Suite 500, Robbins Geller Rudman & Dowd LLP (Boca Raton), FL 33432
    561.750.3000 561.750.3364 ·
  2. Thomas R. Kerr
    732 Scott Street, Thomas R. Kerr, KY 41011
    859/431-2222 859/431-3463 ·
No Document Title Filing Date
COURT: W.D. Kentucky
DOCKET #: 10-CV-00520
JUDGE: Hon. John G. Heyburn, II
DATE FILED: 03/04/2011
CLASS PERIOD START: 11/06/2006
CLASS PERIOD END: 07/05/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (New York)
    88 Pine Street, 14th Floor, Cohen Milstein Sellers & Toll PLLC (New York), NY 10022
    212.838.7797 212.838.7797 ·
  2. Cohen Milstein Sellers & Toll PLLC (Washington DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen Milstein Sellers & Toll PLLC (Washington DC), DC 20005
    202.408.4600 202.408.4600 ·
No Document Title Filing Date