{"id":520849,"date":"2021-07-30T13:50:11","date_gmt":"2021-07-30T17:50:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ahco-investor-alert-bernstein-liebhard-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-adapthealth-corp\/"},"modified":"2021-07-30T13:50:11","modified_gmt":"2021-07-30T17:50:11","slug":"ahco-investor-alert-bernstein-liebhard-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-adapthealth-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ahco-investor-alert-bernstein-liebhard-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-adapthealth-corp\/","title":{"rendered":"AHCO INVESTOR ALERT: Bernstein Liebhard Announces that a Securities Class Action Lawsuit Has Been Filed Against AdaptHealth Corp."},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, July 30, 2021<\/span> \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of AdaptHealth Corp. (“AdaptHealth” or the “Company”) (NASDAQ: AHCO) from November 11, 2019<\/span> through July 16, 2021<\/span> (the “Class Period”). The lawsuit filed in the United States<\/span> District Court for the Eastern District of Pennsylvania<\/span> alleges violations of the Exchange Act of 1934.<\/p>\n

\n

\n
\n \"Bernstein
\n <\/a>\n <\/p>\n<\/p><\/div>\n

If you\u00a0purchased AdaptHealth securities, and\/or would like to discuss your legal rights and options<\/b>\u00a0please visit\u00a0AdaptHealth Shareholder Class Action Lawsuit<\/a>\u00a0or contact\u00a0Noah Wiesner<\/span><\/a>\u00a0toll free at\u00a0(877) 779-1414<\/b>\u00a0or\u00a0nwiesner@bernlieb.com<\/a><\/p>\n

The complaint alleges that, throughout the Class Period, defendants made false and\/or misleading statements and\/or failed to disclose that: (i) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of SEC regulations; (ii) accordingly, the Company had materially overstated its financial prospects; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times. <\/p>\n

On July 19, 2021<\/span>, before market hours, Jehoshaphat Research<\/i> published a report alleging that AdaptHealth is a “roll-up” company, or a company that is built primarily through the acquisition of smaller companies with common services or products, that obscures its organic growth by “[r]etroactively changing past organic growth numbers to be higher, with no disclosure about the change.” The report also suggested that AdaptHealth’s manipulation of its organic growth trajectory was “a blatant violation of non-GAAP disclosure rules, for which companies get into huge trouble.”<\/p>\n

On this news, AdaptHealth’s stock price fell $1.51<\/span> per share, or 5.93%, to close at $23.96<\/span> per share on July 19, 2021<\/span>. <\/p>\n

If you wish to serve as lead plaintiff, you must move the Court no later than September 27, 2021<\/span>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n

If you\u00a0purchased AdaptHealth securities, and\/or would like to discuss your legal rights and options<\/b>\u00a0please visit https:\/\/www.bernlieb.com\/cases\/adapthealthcorp-ahco-shareholder-class-action-lawsuit-fraud-stock-389\/apply\/<\/a> or contact\u00a0Noah Wiesner<\/span><\/a>\u00a0toll free at\u00a0(877) 779-1414<\/b>\u00a0or\u00a0nwiesner@bernlieb.com<\/a><\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion<\/span> for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York<\/span> 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut<\/span> is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n

Contact Information
Noah Wiesner<\/span>
Bernstein Liebhard LLP
https:\/\/www.bernlieb.com<\/a>
(877) 779-1414
Nwiesner@bernlieb.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/ahco-investor-alert-bernstein-liebhard-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-adapthealth-corp-301345202.html<\/a><\/p>\n

SOURCE Bernstein Liebhard LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, July 30, 2021 \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of AdaptHealth Corp. (“AdaptHealth” or the “Company”) (NASDAQ: AHCO) from November 11, 2019 through July 16, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of Pennsylvania alleges violations of the Exchange Act of 1934. If you\u00a0purchased AdaptHealth securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0AdaptHealth Shareholder Class Action Lawsuit\u00a0or contact\u00a0Noah Wiesner\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0nwiesner@bernlieb.com The complaint alleges that, throughout the Class Period, defendants made false and\/or misleading statements and\/or … <\/p>\n

Continue reading “AHCO INVESTOR ALERT: Bernstein Liebhard Announces that a Securities Class Action Lawsuit Has Been Filed Against AdaptHealth Corp.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-520849","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAHCO INVESTOR ALERT: Bernstein Liebhard Announces that a Securities Class Action Lawsuit Has Been Filed Against AdaptHealth Corp. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ahco-investor-alert-bernstein-liebhard-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-adapthealth-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AHCO INVESTOR ALERT: Bernstein Liebhard Announces that a Securities Class Action Lawsuit Has Been Filed Against AdaptHealth Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, July 30, 2021 \/PRNewswire\/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of AdaptHealth Corp. (“AdaptHealth” or the “Company”) (NASDAQ: AHCO) from November 11, 2019 through July 16, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of Pennsylvania alleges violations of the Exchange Act of 1934. 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