Welcome to the AdaptHealth Securities Litigation Website
The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency of Class Action and Proposed Settlement of Class Action (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action and Settlement
This website relates to a proposed settlement of claims in a pending securities class action brought by investors alleging that AdaptHealth Corp. (“AdaptHealth” or the “Company”), certain of AdaptHealth’s senior officers and directors, and the underwriters of AdaptHealth’s January 5, 2021 Secondary Public Offering of common stock violated federal securities laws by making material misrepresentations and omissions concerning certain aspects of AdaptHealth’s business.
Subject to Court approval, Lead Plaintiffs Allegheny County Employees’ Retirement System, International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario, and City of Tallahassee Pension Plan (“Lead Plaintiffs”), on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for payment of $35,000,000 in cash. If approved, the Settlement will resolve all claims in the Action.
If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. The Settlement Class consists of:
all Persons who purchased or otherwise acquired AdaptHealth common stock during the period from August 4, 2020 through November 7, 2023, inclusive (the “Settlement Class Period”).
Excluded from the Settlement Class are: (a) Defendants; (b) any person who served as an officer or director of AdaptHealth during the Class Period; (c) the Immediate Family Members of the Individual Defendants and the excluded officers and directors; (d) any firm, trust, corporation, or other entity in which any excluded Person has, or had during the Settlement Class Period, a controlling interest; and (e) the legal representatives, parents, subsidiaries, agents, affiliates, heirs, successors-in-interest, predecessors, or assigns of any such excluded Person, in their capacities as such. Provided, however, that any Investment Vehicle shall not be excluded from the Settlement Class. Also excluded from the Settlement Class are any persons who exclude themselves by submitting a request for exclusion in accordance with the requirements set forth in the Notice and whose request is granted by the Court.
Please read the Notice to fully understand your rights. Copies of the Notice and Claim Form can be found in the menu at the top of this page.
The deadline to submit a Claim Form to be eligible to participate in the Settlement is July 2, 2026. Payments to eligible claimants will be made only after the Settlement and Plan of Allocation are approved and any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT: | |
SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN JULY 2, 2026. | This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in FAQ #5) that you have against Defendants and the other Released Defendant Parties (defined in FAQ #5), so it is in your interest to submit a Claim Form. |
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS POSTMARKED NO LATER THAN APRIL 22, 2026. | If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Released Defendant Parties concerning the Released Plaintiffs’ Claims. |
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN APRIL 22, 2026. | If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class. |
GO TO A HEARING ON MAY 13, 2026 AT 10:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN APRIL 22, 2026. | Filing a written objection and notice of intention to appear by April 22, 2026 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |
DO NOTHING. | If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
These rights and options—and the deadlines to exercise them—are further explained in the Notice.
Please Note: the date and time of the Final Approval Hearing —currently scheduled for May 13, 2026 at 10:00 a.m. Eastern Time—is subject to change without further notice to the Settlement Class. If you plan to attend the hearing, you should check this website or with Lead Counsel as set forth above to confirm that no change to the date and/or time of the hearing has been made.