The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Gentiva Health Services, Inc. of

* Reuters is not responsible for the content in this press release.

Wed Sep 28, 2011 12:47pm EDT 

  NEW YORK, NY, Sep 28 (MARKET WIRE) -- 
Levi & Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Eastern District of New York
on behalf of purchasers of Gentiva Health Services, Inc. ("Gentiva" or
the "Company") (NASDAQ: GTIV) common stock between July 31, 2008 and July
20, 2010 (the "Class Period"). 

    For more information, click here: http://zlk.9nl.com/gentiva/.

    The complaint alleges that defendants failed to disclose that the Company
was improperly increasing the number of in-home therapy visits to
patients in order to trigger higher Medicare reimbursement rates. The
complaint further alleges that positive statements regarding the
Company's business condition and prospects were based on the alleged
fraud, and thus were materially false and misleading. As a result of
these misleading statements Gentiva shares traded at an artificially high
price.

    On July 13, 2010, Gentiva revealed that the Company was under
investigation by the Securities and Exchange Commission. Since this
investigation was announced, Gentiva stock has continued to decline,
falling from a high of $30.50 per share in April of 2010 to a recent
closing price of $5.60 per share on September 26, 2011.

    To obtain additional information about your rights, contact Joseph Levi,
Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972,
or visit http://www.zlk.com/gentiva-health-services-gtiv.html.

    Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more information,
please feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.

    

CONTACT: 
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor 
New York, NY 10004 
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com 

Copyright 2011, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.