DaVita Class Action Lawyers To Receive $40 Million In Fees From Total Class Action Settlement Funds, Class Members To Share The Remaining Amount
The legal experts working on the DaVita Securities Class Action for almost three years have been recently allowed to receive their share of the settlement amounting to more than $40 million.
Judge Releases Order On Settlement Proceedings
According to online reports, the attorneys who were involved in the legal proceedings of the DaVita Securities Class Action Settlement were granted their part of the settlement of $135 million that DaVita Inc. agreed to pay up as part of the settlement’s terms and conditions.
United States District Judge William Martinez released the decision detailing that the lawyers will be receiving more than 30% of the total settlement amount in the form of attorney fees and other related expenses involving the overall litigation process.
The DaVita Securities Class Action Lawsuit Settlement 2021 originated from a case originally filed in court more than three years ago after DaVita Inc. reportedly inflicted hurt and damages on its shareholders after forcing patients to seek more expensive private health insurance plans.
The investors who were behind the class action led by the group Peace Officers’ Annuity and Benefit Fund of Georgia argued that they have incurred financial losses after the patient health insurance scandal was made public as DaVita’s shares took a beating.
DaVita Securities Settlement Initial Brief
Besides the attorneys who have worked tirelessly and devoted their time and resources to the case, many company investors will also be able to take advantage of the latest decision promulgated by Judge Martinez’s court.
According to initial information, qualified Class members that may receive their compensation are those who bought DaVita Inc.’s common stock between the dates of 26th of February 2015 to 6th of October 2017.
If you are a DaVita investor and would like to stay in the know regarding this case’s updates, check out the official communications channels below.
DaVita Inc. is a company providing health care services, focusing on renal care all over the United States. DaVita is headed by its CEO, Javier J. Rodriguez, since mid-2019. The company was founded in the year 1994.
Editor’s Note on DaVita Securities Settlement Details 2021:
This update reports on the latest developments surrounding the settlement of the ongoing class action lawsuit filed against DaVita Inc., whose alleged scandal resulted in losses to its investors.
Case Name(s) & No.: Peace Officers’ Annuity and Benefit Fund of Georgia, et al. v. DaVita Inc., et al.; Case No: 1:17-cv-00304
Jurisdiction: United States District Court for the District of Colorado
Products/Services Involved: Stock Value
Allegation(s): DaVita Inc. reportedly forced their patients to purchase insurance plans that fetch a higher price, and as the news of it broke, the company’s stocks suffered a stumble, hurting the investors.
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