An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at AdaptHealth Corp. .
Investors who purchased shares of AdaptHealth Corp. (NASDAQ: AHCO) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain AdaptHealth Corp. (directors breached their fiduciary duties and caused damage to the company and its shareholders.
Plymouth Meeting, PA based AdaptHealth Corp., together with its subsidiaries, provides home healthcare equipment, medical supplies, and home and related services in the United States. AdaptHealth Corp. reported that its annual Total Revenue rose from $529.64 million in 2019 to over $1.05 gbillion in 2023, and that its Net Loss increased from $14.99 million in 2019 to $64.48 million in 2023.
On April 13, 2023, AdaptHealth announced 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.”
Those who purchased shares of AdaptHealth Corp. (NASDAQ: AHCO) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.