Adapthealth Corp. f/k/a DFB Healthcare Acquisitions Corp.

Case Details

Class Period: November 11, 2019 - July 16, 2021
Date Filed: July 29, 2021
Case Number: 2:21cv03382
Jurisdiction: Pennsylvania Eastern District Court
icon-casetype Case Type: Securities Case
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Case Summary

The complaint alleges that, throughout the Class Period, Defendants made
materially false and misleading statements regarding the Company’s business,
operations, and compliance policies. Specifically, 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.