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TMCNet:  IPC THE HOSPITALIST INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates IPC The Hospitalist Company, Inc. Following Justice Department Intervention in False Claims Lawsuit

[February 06, 2014]

IPC THE HOSPITALIST INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates IPC The Hospitalist Company, Inc. Following Justice Department Intervention in False Claims Lawsuit

NEW ORLEANS --(Business Wire)--

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at the law firm of Kahn Swick & Foti, LLC ("KSF") announces that KSF has commenced an investigation into IPC (News - Alert) The Hospitalist Company, Inc. (Nasdaq: IPCM).

On December 9, 2013, the U.S. Department of Justice announced that the government had intervened in a lawsuit against IPC that alleges that IPC submitted false claims to federal health care programs. The false claims lawsuit alleges that IPC physicians regularly engaged in "upcoding," in which IPC sought payment for higher and more expensive levels of medical service than were actually performed. Moreover, IPC allegedly encouraged its physicians to bill at the highest levels regardless of the level of service provided, trained physicians to use higher level codes and encouraged physicians with lower billing levelsto "catch up" to their peers. The government indicated to the court that it intends to file its own complaint in the lawsuit.


KSF's investigation is focusing on whether IPC's officers and/or directors breached their fiduciary duties to IPC's shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Target (News - Alert) shares and would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com) toll free at 1-877-515-1850.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.


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