Obtained dismissal of case involving allegation of Medicare and Medicaid fraud

We represented the chief financial officer of a health care organization in securities litigation. During a class action for allegations of federal securities violations, it was alleged that our client and its officers concealed material information and issued materially false and misleading statements concerning the company’s compliance with federal and state Medicare and Medicaid laws. It was further alleged that these false and misleading statements inflated the value of the company’s publicly traded securities, which when corrected, cost shareholders significant financial damage. We moved to dismiss the claims against our client and the case was dismissed.