Burke Harvey & Frankowski LLC Announces Investigation of Chemed Corp.
Burke Harvey & Frankowski LLC Announces Investigation
of Chemed Corp.
BIRMINGHAM, Jun 17, 2013 (Menafn - GLOBE NEWSWIRE via
COMTEX) --Burke, Harvey & Frankowski, LLC ("BHF") announces the
commencement of an investigation into Chemed Corp., ("Chemed" or the
"Company") to determine whether the Company's Officers and Directors
violated state and federal law in connection with Medicare reimbursement.
Chemed is a company that owns and operates hospice units
through its subsidiary Vitas. On May 2, 2013, the U.S. Department of Justice
(the "DOJ") filed a lawsuit which alleges that Chemed and Vitas
knowingly submitted claims to Medicare for reimbursement for services that were
not necessary, not performed, or were not performed in compliance with Medicare
guidelines in violation of the False Claims Act. The DOJ's complaint alleges
that Chemed's false claims to Medicare cost U.S. taxpayers tens of millions of
dollars. When the news of the DOJ's lawsuit became public, Chemed's stock price
dropped dramatically, erasing millions of dollars of shareholder equity. We are
investigating whether the Officers and Directors of Chemed issued false
statements to shareholders or otherwise breached their fiduciary duties owed to
the Company and its shareholders by allowing or failing to prevent the actions
which gave rise to the DOJ's lawsuit.
What You Can Do
If you are a long term Chemed Corp. shareholder, you may
have legal claims against Chemed's Officers and Directors. If you wish to
discuss this investigation, or have questions about this notice or your legal
rights, please contact attorney Richard Frankowski via email at
email@example.com or via toll-free telephone at (888) 930-9091. There is
no cost to you.
About Burke, Harvey & Frankowski LLC
Burke Harvey & Frankowski, LLC, is a Birmingham, Alabama
law firm that among other things dedicates its practice to the representation
of shareholders and investors in litigation, including shareholder class
actions, derivative litigation and FINRA arbitrations. More information about
the firm is available through its website, www.bhflegal.com and
upon request from the firm. Burke Harvey & Frankowski, LLC has paid for the
dissemination of this promotional communication and is responsible for its
No representation is made that the quality of legal services
to be performed is greater than the quality of legal services to be performed
by other lawyers.