Chemed Corporation Securities Litigation Settlement Website
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Welcome to the Chemed Corporation Securities Litigation Settlement Website

This website has been established to provide general information related to the Chemed Corporation ("Chemed") Securities Litigation and the resulting Settlement Fund. The capitalized terms used on this website, and not defined herein, shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement dated February 6, 2014.

This is a federal securities fraud class action that is pending before Judge Michael R. Barrett in the United States District Court for the Southern District of Ohio.  Defendant Chemed, a Delaware corporation, is a Cincinnati-based corporation whose wholly owned subsidiary, VITAS Healthcare Corporation, is one of the nation's largest hospice providers.  

The operative complaint in the Action alleges that Lead Plaintiffs and other Settlement Class Members purchased the capital stock of Chemed at prices artificially inflated as a result of the Defendants' alleged dissemination of allegedly materially false or misleading statements. 

The Defendants deny any and all liability or wrongdoing whatsoever in connection with the claims asserted in the Action, as well as all claims that could have been asserted by Lead Plaintiffs or Settlement Class Members in connection with the purchase or acquisition of Chemed's capital stock during the Class Period. 

The Court has preliminarily certified a Settlement Class of all purchasers of Chemed capital stock during the period February 15, 2010 through May 2, 2013, inclusive, who were allegedly damaged thereby.  Excluded from the Settlement Class are (i) the Defendants; (ii) the officers and directors of Chemed, at any point during the Class Period; (iii) members of the immediate family of each of the Individual Defendants and the officers and directors of Chemed, at any point during the Class Period; (iv) any entity in which Defendants have or had a controlling interest; and (v) the legal representatives, heirs, predecessors, successors or assigns of any such excluded party. Also excluded from the Settlement Class are any putative Settlement Class Members who validly exclude themselves from the Settlement Class by timely filing a request for exclusion in accordance with the requirements set forth in the Notice of Pendency of Class Action and Proposed Settlement, Motion for attorneys' fees, and Settlement Hearing (the "Notice").

A Settlement Fund consisting of $6,000,000.00 in cash, plus any accrued interest, has been established.   A Settlement Class Member's actual recovery will be a portion of the Net Settlement Fund determined by comparing that Claimant's Recognized Loss to the total Recognized Losses of all Settlement Class Members who submit timely and valid Proofs of Claim and Release

The Settlement Class is represented by Robbins Geller Rudman & Dowd LLP and Labaton Sucharow LLP., co-lead counsel for this litigation.

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice or the Stipulation and Agreement of Settlement, both of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully.

Your Legal Rights  and Options in the Settlement

Submit a Claim Form

Exclude Yourself from the Settlement

 Object to the Settlement

Go to the Settlement Hearing 

Do Nothing 

If you are a Settlement Class Member and do not exclude yourself from the Settlement Class, the only way to get a payment is to submit a claim form. You may submit a claim form and still object to any aspect of the Settlement, the request for an award of attorneys' fees and expenses and/or the Plan of Allocation. You will receive no payment.  This is the only option that allows you to ever be part of any other lawsuit against Chemed and the other Releasees involving any or all of the Settled Claims. If you are a Class Member and do not exclude yourself from the Class, you may write to the Court about why you do not like the Settlement, the proposed Plan of Allocation, and/or the request for attorneys' fees and expenses. You may ask to speak in Court about the Settlement the request for attorneys' fees and expenses, and/or the Plan of Allocation. If you do nothing, you will not receive any payments.   If you are a Settlement Class Member, be bound by the releases provided as part of this Settlement and you will give up your rights.

 Important Deadlines

Request Exclusion

File Objection     

Attend the Settlement Hearing 

Submit Proof of Claim Form
June 18, 2014 June 18, 2014     July 9, 2014 August 8, 2014