|[February 06, 2014]
IPC THE HOSPITALIST INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates IPC The Hospitalist Company, Inc. Following Justice Department Intervention in False Claims Lawsuit
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF") announces that
KSF has commenced an investigation into IPC (News - Alert) The Hospitalist Company,
Inc. (Nasdaq: IPCM).
On December 9, 2013, the U.S. Department of Justice announced that the
government had intervened in a lawsuit against IPC that alleges that IPC
submitted false claims to federal health care programs. The false claims
lawsuit alleges that IPC physicians regularly engaged in "upcoding," in
which IPC sought payment for higher and more expensive levels of medical
service than were actually performed. Moreover, IPC allegedly encouraged
its physicians to bill at the highest levels regardless of the level of
service provided, trained physicians to use higher level codes and
encouraged physicians with lower billing levelsto "catch up" to their
peers. The government indicated to the court that it intends to file its
own complaint in the lawsuit.
KSF's investigation is focusing on whether IPC's officers and/or
directors breached their fiduciary duties to IPC's shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-term holder of Target (News - Alert) shares and would like to discuss
your legal rights, you may, without obligation or cost to you, e-mail or
call KSF Managing Partner Lewis Kahn (email@example.com)
or KSF Partner Melinda Nicholson (firstname.lastname@example.org)
toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York and
Louisiana. KSF's lawyers have significant experience litigating complex
securities class actions nationwide on behalf of both institutional and
To learn more about KSF, you may visit www.ksfcounsel.com.
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