Scott+Scott Announces Proposed Settlement of Class Action on Behalf of Purchasers of LHC Group, Inc. Common Stock

SAN DIEGO, Aug. 27, 2014 /PRNewswire/ -- The following statement is being issued by Scott+Scott, Attorneys at Law, LLP regarding the Omaha Police and Fire Retirement System v. LHC Group, Inc.

UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF LOUISIANA
LAFAYETTE DIVISION

CITY OF OMAHA POLICE AND FIRE RETIREMENT SYSTEM, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. LHC GROUP, INC. AND KEITH G. MYERS, Defendants. CIVIL ACTION, NO. 6:12-CV-01609-JTT-CMH

SUMMARY NOTICE

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED LHC GROUP, INC. ("LHC") COMMON STOCK BETWEEN JULY 30, 2008 AND OCTOBER 26, 2011, INCLUSIVE (THE "CLASS PERIOD")

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Western District of Louisiana, a hearing will be held on December 11, 2014, at 1:30 p.m., before the Honorable C. Michael Hill, at the United States District Court for the Western District of Louisiana, 800 Lafayette Street, Courtroom 6, Lafayette, Louisiana 70501, for the purpose of determining: (1) whether the proposed settlement of the Litigation for the sum of $7,850,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement ("Stipulation") dated June 16, 2014; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; (4) whether this Litigation satisfies the applicable prerequisites for class action treatment under Rule 23 of the Federal Rules of Civil Procedure; (5) whether to award Lead Plaintiff's Counsel attorneys' fees and expenses out of the Settlement Fund; and (6) whether to reimburse Plaintiff the costs and expenses (including lost wages) it incurred in prosecuting this action on behalf of the putative Class out of the Settlement Fund.

If you purchased or acquired LHC common stock during the Class Period, your rights may be affected by this Litigation and the settlement thereof.  If you have not received a copy of the Notice of Proposed Settlement of Class Action ("Notice"), which more completely describes the settlement and your rights thereunder (including your right to object to the settlement), and a Proof of Claim form, you may obtain these documents, as well as a copy of the Stipulation (which among other things contains definitions for the defined terms used in this Summary Notice) and other settlement documents, online by downloading this information at www.lhcsecuritieslitigation.com, or by writing to:

Omaha Police and Fire Retirement System v. LHC Group, Inc.
c/o GCG
P.O. Box 10075
Dublin, Ohio 43017-6675
Toll Free Number:  (855) 382-6401

If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release on or before January 9, 2015, establishing that you are entitled to a recovery.   If you desire to be excluded from the Class, you must submit a request for exclusion by November 11, 2014, in the manner and form explained in the Notice.  All Class Members who have not requested exclusion from the Class will be bound by the settlement entered in the action even if they do not file a timely Proof of Claim. 

Inquiries, other than requests for the Notice or for a Proof of Claim form, may be made to Lead Plaintiff's Counsel:

SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
John Jasnoch, Esq.
707 Broadway, Suite 1000
San Diego, California 92101
Phone: (619) 233-4565
Fax: (619) 233-0508

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED:  August 1, 2014           

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF LOUISIANA

SOURCE Scott+Scott, Attorneys at Law, LLP