In Amedisys, Plaintiffs allege that Defendants violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by continuing to permit the company’s 401(k) plan to acquire and hold Amedisys common stock when such an investment was no longer prudent for retirement savings due to the company’s questionable Medicare billing practices. Defendants have moved to dismiss this action. Mr. Wells and co-lead co-counsel have filed papers opposing Defendants’ motion. The parties are awaiting a ruling from the court.
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