March 21, 2024. The Court in the Envision Healthcare Corporation securities matter (Middle District of Tennessee) approved a class action settlement in the amount of $177.5 million. Plaintiffs alleged that Envision artificially inflated its earnings through out-of-network billing, illegal upcoding, and inflated facility spending. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports and testimony on market efficiency, and consulted on the quantification of shareholder damages and the plan of allocation.
Read more on this case at Stanford Securities Class Action Clearinghouse.
