SAN DIEGO, CA / ACCESSWIRE / January 17, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed by a current investor in shares of Envision Healthcare Corp (NYSE: EVHC) against certain directors of Envision Healthcare Corp over alleged breaches of fiduciary duties.
Investors who purchased shares of Envision Healthcare Corp (NYSE: EVHC) in March 2015 or earlier and continue to hold any of those NYSE: EVHC shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: EVHC investors. More specifically, the plaintiff claims that certain defendants created a fraudulent and illegal scheme to cause the Company to artificially inflate and/or maintain its financials between March 2, 2015 and at least November 2017 by systematically and surreptitiously overbilling and unnecessarily billing medical patients. Furthermore, the plaintiff says that certain Defendants caused the Company to repeat false and misleading public statements regarding Envision's business practices, operations, financials, financial prospects, compliance policies, and internal controls, including those concerning the source and sustainability of revenue and growth achieved from Envision's EmCare segment. In addition, the plaintiff alleges that certain defendants received massive personal gains, including exorbitant compensation and enormous sales of personally-held Envision stock (nearly $41 million worth) at allegedly artificially inflated prices, while they were breaching their fiduciary duties to the Company and its shareholders, and while they (but not the market) were aware of the truth regarding the Company's business practices, operations, financials, financial prospects, compliance policies, and lack of internal controls.
Investors who purchased shares of Envision Healthcare Corp (NYSE: EVHC) in March 2015 or earlier and continue to hold any of those NYSE: EVHC shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
SOURCE: Shareholders Foundation, Inc.
