AdaptHealth Corp. (NasdaqCM: AHCO)
20 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 26, 2023 to file lead plaintiff applications in a securities class action lawsuit against AdaptHealth Corp. (NasdaqCM: AHCO), if they purchased or otherwise acquired the Company’s shares (i) between August 4, 2020 and February 27, 2023, inclusive (the “Class Period”); and/or (ii) pursuant and/or traceable to the Company’s January 2021 secondary public offering (the “SPO”).
AdaptHealth and certain of its executives are charged with failing to disclose material information during the Class Period and/or in the Registration Statement and Prospectus issued in conjunction with the Offerings, violating federal securities laws.
On February 27, 2023, post-market, the Company disclosed disappointing financial news including a loss of $0.02 per share for 4Q 2022, significantly lower than expectations, and reduced revenue guidance for 2023, due to “tempered expectations on diabetes.”
On this news, the price of AdaptHealth’s shares plummeted by $5.99 per share, or 27%, from $21.98 per share to $15.99 per share.
If you purchased or acquired shares of AdaptHealth as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Allegheny County Employees’ Retirement System v. AdaptHealth Corp., 23-cv-4104.