litigation
confidence high
sentiment positive
materiality 0.80
Enhabit & Encompass win lawsuit; awarded 43% of VitalCaring Group profits
Enhabit, Inc.
- Court found three former officers and Vistria/Nautic aided egregious breaches of duty of loyalty.
- Constructive trust: Encompass/Enhabit get 43% of VitalCaring's quarterly profits and 43% of exit proceeds.
- Mitigation damages of ~$1.62M and attorneys' fees awarded due to defendants' bad-faith concealment.
- Misconduct involved secretly acquiring targets, using confidential info, and poaching employees for VitalCaring.