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Kendall Law Group Investigates Almost Family Inc. for Shareholders

^{Published on 2010-07-09 02:00:44 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating certain officers and directors of Almost Family Inc. (NASDAQ: AFAM) for possible breaches of fiduciary duty and other federal and state laws. The firma™s investigation seeks to determine whether Almost Family and its directors and officers breached their fiduciary duties by causing or allowing it to unfairly take advantage of the Medicare reimbursement system. Shareholders familiar with the investigation are urged to contact the Kendall Law Group for more information at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"the pattern of clustering visits at reimbursement trigger points was industry wide"

On July 1, 2010, Almost Family announced that on June 30, 2010 it received a civil subpoena for documents and notice of investigation from the Securities and Exchange Commission. The subpoena seeks documents related to Almost Familya™s ahome health care services and operations, including reimbursements under the Medicare home health prospective payment system, since January 1, 2000a following the publication of an April 26, 2010 Wall Street Journal (Journal) article describing increased in-home visits billed to Medicare by Amedisys (NASDAQ: AMED). The Journal hired Henry Dove, a professor at Yale Universitya™s School of Public Health, to analyze the number of Medicare home visits from various health care companies and to determine awhether the number of visits coincided with Medicare financial incentives.a Professor Dove determined that athe pattern of clustering visits at reimbursement trigger points was industry widea and that after the 10 visit $2,200 bonus payment were eliminated in January 2008, Almost Familya™s percentage of patients getting 10 visits dropped 39%. Almost Family share prices fell 10% on July 2, following the disclosure of the investigation.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm is a national securities firm that represents shareholders when publicly traded companies violate the law. Shareholders are encouraged to contact attorney Scott Kendall for more information.