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Envision Healthcare Corporation

Case Summary

Envision Healthcare Corporation Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 01/26/2018 (Ongoing date of last review)

Filing Date: August 04, 2017

According to the law firm press release, Envision Healthcare Corporation provides health care services. The Hospital offers surgery, pharmacy, medical imaging, emergency care, and other related health care services. Envision Healthcare serves patients in the United States. At all relevant times, EmCare Holdings, Inc. (“EmCare”) has been one of the Company’s primary operating subsidiaries.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) EmCare routinely arranged for patients who sought treatment at in-network facilities to be treated by out-of-network physicians; (ii) EmCare accordingly billed these patients at higher rates than if the patients had received treatment from in-network physicians; (iii) the Company’s statements attributing EmCare’s Class Period growth to other factors were therefore false and/or misleading; (iv) Envision’s EmCare revenues were likely to be unsustainable after the foregoing conduct came to light; and (v) as a result of the foregoing, Envision’s public statements were materially false and misleading at all relevant times.

On October 27, 2017, the Court appointed Lead Plaintiffs and Counsel. On November 7, the Court issued an Order consolidating cases. On January 26, 2018, Lead Plaintiffs filed a consolidated complaint.

Company & Securities Information

Defendant: Envision Healthcare Corporation

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EVHC
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.

First Identified Complaint

Terry W. Bettis, et al. v. Envision Healthcare Corporation, et al.

COURT: M.D. Tennessee
DOCKET #: 17-CV-01112
JUDGE: Hon. Waverly D. Crenshaw, Jr
DATE FILED: 08/04/2017
CLASS PERIOD START: 03/02/2015
CLASS PERIOD END: 07/21/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bramlett Law Offices (Nashville)
    2400 Crestmoor Road; P.O. Box 150734, Bramlett Law Offices (Nashville), TN 37215
    615.248.2828 866.816.4116 ·
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 08/04/2017
2 U.S. District Court Civil Docket 08/04/2017
3 Order 10/27/2017
4 Order 11/07/2017

Reference Complaint

Laborers Pension Trust Fund for Northern California, et al. v. Envision Healthcare Corporation, et al.

COURT: M.D. Tennessee
DOCKET #: 17-CV-01112
JUDGE: Hon. Waverly D. Crenshaw, Jr
DATE FILED: 01/26/2018
CLASS PERIOD START: 02/03/2014
CLASS PERIOD END: 10/31/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett Johnston Martin & Garrison, LLC
    414 Union Street, Suite 900, Barrett Johnston Martin & Garrison, LLC, TN 37219
    615-244-2202 615-252-3798 ·
  2. Robbins Geller Rudman & Dowd LLP (Nashville)
    414 Union Street, Suite 900, Robbins Geller Rudman & Dowd LLP (Nashville), TN 37219
    615-244-2203 615-252-3798 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Class Action Complaint for Violation of the Federal Securities Laws 01/26/2018
2 U.S. District Court Civil Docket 01/26/2018
 
 

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