United States District Court for the Eastern District of Pennsylvania Case No. 2:21-cv-05335-GJP
IF YOU WERE A RECORD OR BENEFICIAL HOLDER OF ADAPTHEALTH CORP. COMMON STOCK AS OF JUNE 25, 2024, YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE ABOVE-REFERENCED LITIGATION.
The purpose of this website is to inform you that the above-captioned Consolidated Action is being settled on the terms set forth in a Stipulation of Settlement, dated April 23, 2024.
The Settlement was approved on November 15, 2024. Please see the Order and Final Judgment for additional details.
Please read the Noticecarefully and in its entirety, as it provides information on the history of this derivative action, terms of the settlement, and other important matters. The Notice should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation, which has been filed with the United States District Court for the Eastern District of Pennsylvania.
Note that there is no claims process, and no individual stockholder has the right to be compensated as a result of the settlement. As part of the Settlement, AdaptHealth has agreed to adopt and maintain certain corporate governance reforms that serve as the basis for the resolution of the claims asserted in this derivative litigation. These reforms include the following:
- Review of Disclosures Giving Rise to the Litigation
- Board Self-Evaluation
- Board Composition and Practices
- Enhanced Board Reporting
- Enhanced Responsibilities of the Audit Committee - Enhanced Responsibilities of the Compliance Committee
- Enhanced Responsibilities of Management-Level Disclosure Committee
- Committee
Review of Disclosures Giving Rise to the Litigation
The parties involved in the settlement acknowledge and agree that the Corporate Governance Reforms
are significant, immediate, long-lasting, and confer substantial benefits upon AdaptHealth and its current shareholders. A detailed description of these reforms is available in Exhibit A to the Stipulation, which may be seen here.
If you have any questions that are not addressed in the Notice or Frequently Asked Questions page, you may contact Plaintiff’s Counsel:
Gregory M. Nespole
LEVI & KORSINSKY, LLP
33 Whitehall Street, 17th Floor
New York, New York 10004
Telephone: (212) 363-7500 [email protected]
This website is authorized by the Court, supervised by counsel and controlled by Kroll Settlement Administration, the Settlement Administrator approved by the Court. This is the only authorized website for this case.
Kroll Settlement Administration, LLC PO Box 225391 New York, NY 10150-5391
Important Dates
Objection Deadline.
Wednesday, October 23, 2024
The objection deadline has now passed. You must have mailed your objection(s) and/or notice of intent to appear at the Settlement Hearing so that it/they were received no later than Wednesday, October 23, 2024.
Settlement Hearing Date.
Wednesday, November 13, 2024
The Settlement Hearing took place on Wednesday, November 13, 2024. The Settlement has been approved. See the Order and Final Judgment on the Documents tab for further details.
