Delaware Court Of Chancery Awards Damages And Other Relief To Encompass Health And Enhabit For Misconduct By April Anthony, Other Former Officers, And Private Equity Firms Vistria Group And Nautic Partners; Encompass Health And Enhabit To Receive 43% Of VitalCaring Group's Profits, To Be Paid Quarterly, And 43% Of The Exit Proceeds If And When VitalCaring Group Is Sold; The Court Also Awarded Mitigation Damages In The Amount Of ~$1.62M

Author: Benzinga Newsdesk | December 04, 2024 09:48am

On Monday, Encompass Health and Enhabit won their lawsuit in the Delaware Court of Chancery related to breaches of fiduciary duty by April Anthony, Luke James, and Chris Walker while they served as the senior officers at Encompass Health's former home health and hospice division, which is now Enhabit. The Court awarded judgment against private equity firms Vistria Group and Nautic Partners and the home health and hospice business now known as VitalCaring Group for aiding and abetting "the egregious breaches of the duty of loyalty" by Anthony, James, and Walker.

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