According to the lawsuit, defendants made false and/or misleading statements because:
- AdaptHealth misstated the Company’s true ability to generate organic growth in its diabetes segment;
- AdaptHealth engaged in improper upcoding and other illicit billing practices;
- that, as a result of the foregoing, certain of the defendants’ statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
Further, the lawsuit alleges the “SPO Offering Materials contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make adequate disclosures required under the rules and regulations governing the preparation of such documents.”
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