Faruqi & Faruqi, LLP is Investigating Chemed Corporation on Behalf of its
Shareholders - CHE
NEW YORK, Aug. 27, 2013
NEW YORK, Aug. 27, 2013 /PRNewswire/ --Faruqi & Faruqi, LLP, a national law
firm concentrating on investor rights, consumer rights and the enforcement of
federal antitrust laws, is investigating potential claims against the Board of
Directors of Chemed Corporation ("Chemed" or the "Company") (NYSE: CHE)
concerning possible breaches of fiduciary duty and other violations of law.
The investigation concerns actions by Chemed's Board of Directors that have
allegedly caused the Company to violate the False Claims Act ("FCA").
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )
Specifically, on May 2, 2013 the Department of Justice announced that it had
filed a suit against Chemed for violating the FCA by billing Medicare for
excessively costly services and wrongfully admitting patients for hospice
care. The government's complaint alleges that Chemed routinely billed
Medicare for more costly crisis care services when certain patients did not
need crisis care services, often submitted for reimbursement from Medicare for
certain services that Chemed subsidiaries did not even provide, and habitually
billed Medicare when Chemed subsidiaries provided inappropriate medical care.
The complaint alleges that Chemed knowingly caused the submission of false
claims to Medicare in violation of the FCA.
Shareholders interested in seeking to recover damages on behalf of Chemed and
to implement corporate governance measures designed to prevent future
misconduct should contact the firm.
Request more information now by clicking here: www.faruqilaw.com/CHE.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action and derivative litigation. The firm is focused on
providing exemplary legal services in the areas of securities, shareholder,
antitrust and consumer litigation, through all phases of litigation. The firm
has an experienced trial team which has achieved significant victories on
behalf of the firm's clients.
If you hold Chemed shares and you would like to discuss your legal rights,
visit www.faruqilaw.com/CHE. You can also contact us by calling Michael J.
Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to
Faruqi & Faruqi, LLP
Michael J. Hynes, Esq.
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Telephone: (877) 247-4292 or (215) 277-5770
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results do not guarantee or predict a similar outcome with respect to any
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All communications will be treated in a confidential manner.
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