NEW YORK, April 13, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AdaptHealth Corporation ("AdaptHealth" or the "Company") (NASDAQ: AHCO). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether AdaptHealth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 13, 2021, AdaptHealth issued a press release stating that the Company "has learned that authorities in Denmark have formally charged Co-Chief Executive Officer Luke McGee with alleged tax fraud arising from certain past private activity. The alleged personal conduct occurred between March 2014 and August 2015 and had no connection to AdaptHealth's business." AdaptHealth further stated that it "has placed Mr. McGee on unpaid leave from his roles as Co-CEO and a Director of the Company while this matter is pending."
On this news, AdaptHealth's stock price fell $7.69 or 19.74%, to close at $29.69 on April 13, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com