Delaware Court of Chancery Awards Damages and Other Relief to Encompass Health and Enhabit for Misconduct by April Anthony, Other Former Officers, and Private Equity Firms Vistria Group an...
Enhabit, Inc. (EHAB)
Company Research
Source: Business Wire
BIRMINGHAM, Ala. & DALLAS--(BUSINESS WIRE)--On Monday, Encompass Health and Enhabit won their lawsuit in the Delaware Court of Chancery related to breaches of fiduciary duty by April Anthony, Luke James, and Chris Walker while they served as the senior officers at Encompass Health’s former home health and hospice division, which is now Enhabit. The Court awarded judgment against private equity firms Vistria Group and Nautic Partners and the home health and hospice business now known as VitalCaring Group for aiding and abetting “the egregious breaches of the duty of loyalty” by Anthony, James, and Walker.The case was the subject of a 7-day trial in December 2023. After considering “the damning record presented at trial,” the Court found that, while employed by Encompass Health, Anthony, James, and Walker usurped acquisition opportunities falling within Encompass Health’s line of business, used Encompass Health’s confidential information, and swayed key Encompass Health employees to
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EHAB
News
- Are Options Traders Betting on a Big Move in Enhabit (EHAB) Stock? [Yahoo! Finance]Yahoo! Finance
- Enhabit, Inc. (NYSE: EHAB) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $9.50 price target on the stock, up previously from $8.25.MarketBeat
- Enhabit Announces Participation in Upcoming BofA Home Care ConferenceBusiness Wire
- Enhabit, Inc. (NYSE: EHAB) had its "market perform" rating re-affirmed by analysts at Leerink Partners. They now have a $8.00 price target on the stock, down previously from $8.50.MarketBeat
- Jeffrey Bolton Bought 13% More Shares In Enhabit [Yahoo! Finance]Yahoo! Finance
EHAB
Earnings
- 11/6/24 - Miss
EHAB
Sec Filings
- 12/13/24 - Form 3
- 12/12/24 - Form 4
- 12/11/24 - Form 4
- EHAB's page on the SEC website