SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of IPC The Hospitalist Company, Inc. - IPCM

Jun 17, 2014, 16:25 ET from Brodsky & Smith, LLC

BALA CYNWYD, Pa., June 17, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that is investigating potential claims against certain officers and directors of IPC The Hospitalist Company, Inc. ("IPCM" or the "Company") (NYSE: IPCM).

Click here to learn more about the investigation, or call: 877-534-2590. There is no cost or obligation to you.

On June 7, 2010, the Department of Justice, U.S. Attorney's Office for Northern District of Illinois, issued a civil investigative demand to the company, requesting information concerning claims the company had submitted to Medicare and Medicaid.  On July 28, 2011, the company disclosed that a qui tam action had been filed against it.  On December 5, 2013, the qui tam action was unsealed and the federal government announced that it was intervening in the action. The qui tam action alleges that IPC encouraged its physicians to bill at the highest levels regardless of the level of service provided, trained physicians to use higher level codes to maximize billing, and that it pressured physicians with lower billing levels to catch up to their peers.

The investigation seeks to determine whether the IPCM board of directors breached its fiduciary duties to shareholders, mismanaged the Company, and violated state or federal laws resulting in losses for IPCM shareholders and the Company.

If you own shares of IPCM common stock since June of 2010 and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at, by visiting, or calling toll free 877-LEGAL-90. 

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome. 

SOURCE Brodsky & Smith, LLC