Adeptus Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Adeptus Health Inc. - ADPT
NEW ORLEANS, Nov. 25, 2016 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 26, 2016 to file lead plaintiff applications in a securities class action lawsuit against Adeptus Health Inc. (NYSE: ADPT), if they purchased Adeptus' Class A shares between June 25, 2014 and November 16, 2015, inclusive (the "Class Period"), or if they purchased Adeptus' common stock pursuant to its initial public offering on June 25, 2014, or its secondary public offerings on or about May 5, 2015, July 29, 2015, and June 2, 2016 (the "Offerings"). This action is pending in the Eastern District of Texas United States District Court.
What You May Do
If you purchased shares of Adeptus and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by December 26, 2016.
About the Lawsuit
Adeptus and certain of its executives are charged with failing to disclose material information during the Class Period and in connection with the Offerings, violating federal securities laws.
The alleged false and misleading statements and omissions include that: (i) Adeptus was engaging in predatory billing practices, exposing it to monetary, reputational, and financial reporting risks, civil/criminal sanctions, and exclusion from federal/state healthcare programs; and (ii) Adeptus' financial statements had not been prepared in conformity with generally accepted accounting principles.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.