NEW YORK, June 11, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of IPC The Hospitalist Company, Inc. ("IPC" or the "Company") (Nasdaq:IPCM) during the period of May 4, 2009 – June 8, 2010 (the "Class Period"). Such investors are advised to contact Nicola Brown at 888-476-6529 or email info@pomlaw.com.
IPC provides, manages and coordinates inpatient hospital care. The Pomerantz Firm's investigation centers on the June 9, 2010 disclosure that the Company received a civil investigative demand ("CID") from the Department of Justice, U.S. Attorney's Office for the Northern District of Illinois. The CID seeks "production of a wide range of documents relating to the Company's Medicare and Medicaid participation, physician arrangements, operations and compliance program" dating as far back as 2003. As a result of this revelation, IPC securities declined more than $4.87 or 18% on June 9, 2010.
The Pomerantz Firm, with offices in New York, Chicago, Washington, D.C., Columbus, Ohio and Burlingame, California, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.