SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against Almost Family, Inc.

Wilmington, Delaware, UNITED STATES


WILMINGTON, Del., Jan. 22, 2018 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the Western District of Kentucky on behalf of holders of Almost Family, Inc. (“Almost Family”) (Nasdaq:AFAM) common stock in connection with the proposed acquisition of Almost Family by LHC Group, Inc. and its affiliated (“LHC”) announced on November 16, 2017 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Almost Family, its Board of Directors (the “Board”), and LHC, is captioned Rosenblatt v. Almost Family, Inc., Case No. 3:18-cv-00040 (W.D. Ky.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/

On November 15, 2017, Almost Family entered into an agreement and plan of merger (the “Merger Agreement”) with LHC.  Pursuant to the terms of the Merger Agreement, shareholders of Almost Family will receive 0.9150 shares of LHC common stock for each share of Almost Family they own (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission.  The Complaint alleges that the Registration Statement omits material information with respect to, among other things, Almost Family’s and LHC’s financial projections, the analyses performed by Almost Family’s financial advisor, and potential conflicts of interest.  The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Almost Family common stock. 

If you wish to serve as lead plaintiff, you must move the Court no later than March 23, 2018.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising.  Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com