Addus HomeCare Corporation

Company Name
Addus HomeCare Corporation
Stock Symbol
ADUS
Court
Northern District of Illinois Eastern Division
Status
Settled

This action is brought on behalf of public investors who purchased or otherwise acquired Addus HomeCare Corporation common stock pursuant and/or traceable to the Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s October 27, 2009, initial public offering. The Complaint alleges violations of Sections 11 and 15 of the Securities Act of 1933 against Addus and certain of the Company’s executive officers and/or directors, among others. Specifically, the Complaint alleges the Registration Statement was materially false and misleading and/or omitted facts necessary to make the statements made not misleading, including that: (1) the Company’s accounts receivables included at least $1.5 million in aging receivables that should have been reserved for; and (2) the Company’s Home Health revenues were falling short of internal forecasts due to a slowdown in admissions from the Company’s Integrated Services program due to the State of Illinois’ effort to develop new procedures for integrating care.