The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Certification of Settlement Class; (II) Proposed Settlement; (III) Settlement Hearing; and (IV) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

Lead Plaintiffs, the Public Employees’ Retirement System of Mississippi and the Puerto Rico Teachers’ Retirement System, on behalf of themselves and the other members of the Settlement Class, have reached a settlement of the Action with Defendants Amedisys, Inc. ("Amedisys"), and Wendy Stabiler Borne as the Independent Executrix of the Succession of William F. Borne, Jeffrey D. Jeter, Dale E. Redman, Larry R. Graham, Alice Ann Schwartz, Gregory Browne, and John F. Giblin for $43,750,000.00 in cash (the “Settlement”), which resolves all claims asserted in the Action.

On December 13, 2017, the Court held a hearing to consider final approval of the Settlement and related matters.  On December 20, 2017, the Court entered an Order and Final Judgment approving the Settlement as fair, reasonable and adequate, entered an order approving the Plan of Allocation for the proceeds of the Settlement, and entered an order awarding attorneys’ fees and reimbursement of litigation expenses to Plaintiffs’ Counsel. 

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

all persons and entities who or which purchased the publicly traded common stock of Amedisys during the period from August 2, 2005 through September 30, 2011, inclusive and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 31 of the Notice) or who requested exclusion pursuant to the instructions set forth in the Notice.