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IPC The Hospitalist Company, Inc. Under Shareholder Investigation

  • If you are an investor in IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) securities, including those who purchased IPCM stock between May 4, 2009 and June 8, 2010 and those who purchased prior to May 2009 and continue to hold their IPCM shares, you have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
IPC The Hospitalist Company, Inc.
Security
NASDAQ: IPCM

Summary

February 7, 2014 (Update) - On December 9, 2013, the Company disclosed that in June 2010, IPC The Hospitalist Company, Inc. received a civil investigative demand (CID) issued by the Department of Justice (DOJ), U.S. Attorneys Office for the Northern District of Illinois. IPC The Hospitalist Company Inc said the civil investigative demand requested information concerning claims that IPC The Hospitalist Company Inc have submitted to Medicare and Medicaid between January 1, 2003, through June 4, 2010. Furthermore, IPC The Hospitalist Company Inc disclosed that on December 6, 2013, the U.S. District Court for the Northern District of Illinois (Chicago) lifted the seal on a previously filed civil False Claims Act case related to the June 2010 investigation. IPC The Hospitalist Company Inc said that the unsealed Court docket includes the whistleblowers Complaint, a Notice of Election to Intervene filed by the federal government and a Notice of Election to Decline Intervention filed by the State of Illinois and 12 of other states that participated in the investigation.

June 13, 2010 (Shareholders Foundation) - Investigation on behalf of investors in IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) over possible violations of Federal Securities Laws by of IPC The Hospitalist was announced.

IPC The Hospitalist Company, Inc., located in North Hollywood, California, is a provider of hospitalist services in the United States. IPC The Hospitalist Company, Inc. reported in 2007 Total Revenue of $190million, in 2008 $251.18million, and in 2009 $310.52million.

According to the investigation by a law firm the investigation on behalf of investors of IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) focuses is related to IPC The Hospitalist Companys June 9, 2010, announcement that it received a civil investigative demand ('CID') issued by the Department of Justice, U.S. Attorney's Office for the Northern District of Illinois. The CID requests information concerning claims IPC The Hospitalist Company has submitted to Medicare and Medicaid and applies to the Company and its affiliated professional organizations. According to IPC The Hospitalist Company, the CID seeks production of a wide range of documents relating to the Companys Medicare and Medicaid participation, physician arrangements, operations and compliance programs. As a result of this revelation, so the investigation, IPC The Hospitalist Company, Inc. (NASDAQ:IPCM) securities declined more than $4.87 or 18% on June 9, 2010. Shares of IPC The Hospitalist Company, Inc. (IPCM) traded recently at $26.08 per share, down from its 52weekHigh of $38.50 per share.

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