LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Todd M. Garber announces that shareholders of LHC Group, Inc. (“LHC” or the “Company”) (NASDAQ:LHCG) have until August 13, 2012 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Western District of Louisiana. The lawsuit was filed on behalf of a class (the “Class”) comprising all persons or entities who purchased or otherwise acquired LHC common stock between July 30, 2008 and October 26, 2011, inclusive (the “Class Period”).
LHC, together with its subsidiaries, provides post-acute health care services throughout the United States, primarily to Medicare beneficiaries. The Complaint alleges that the defendants issued materially false and misleading statements concerning LHC’s business and financial prospects, in violation of federal securities laws. Specifically, the Complaint alleges that during the Class Period the Company and its chief executive officer failed to disclose that the reported growth in LHC’s home-based healthcare segment was primarily created by the Company maximizing its Medicare reimbursement by manipulating the number of patient visits, regardless of patient need, to achieve the most profitable number of therapy visits under the Medicare home health program.
If you purchased LHC common stock between July 30, 2008 and October 26, 2011, you may move the Court no later than August 13, 2012 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take not action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
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