LHC Group, Inc.
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LHC Group, Inc. Securities Settlement
The lawsuit was settled for $7.85 million in cash on June 16, 2014. The following is a summary of the proceedings in the lawsuit: ‘This Litigation alleges that LHC Group, Inc. and its Chief Executive Officer violated the federal securities laws by making false and misleading statements in certain press releases and public filings issued during the Class Period or controlling the persons who made those statements. The Litigation also alleges LHC Chief Executive Officer engaged in insider trading during the Class Period.’