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0 0 0 0 0.00261780104712036 0.00261780104712036 0.00261780104712036 -0.0114659685863875
Stock impact report

Enhabit and Encompass Health Collect $43.1 Million from Individual Defendants in Delaware Fiduciary Breach Case

Enhabit, Inc. (EHAB) 
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Enhabit, Inc. (NYSE: EHAB) announced today that, along with Encompass Health Corporation (NYSE: EHC), they have collected $43.1 million in full satisfaction of their claims for attorneys’ fees and mitigation damages in the Delaware Court of Chancery against former officer Chris Walker, Vistria Group senior partner David Schuppan, and Nautic Partners managing director Christopher Corey. These claims related to the December 2024 judgment in favor of Enhabit and Encompass Health, finding “egregious breaches of the duty of loyalty” by April Anthony, Luke James, and Walker while serving as senior officers at Encompass Health’s former home health and hospice division, which is now Enhabit. Enhabit and Encompass Health will divide the settlement proceeds substantially equally.The Court of Chancery also imposed a constructive trust through which Enhabit and Encompass Health will split 43% of VitalCaring Group’s ongoing profits and exit proceeds if and when VitalCa Show less Read more
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