Select Medical faces New York, Pennsylvania lawsuits over merger proxy disclosures

Select Medical Holdings Corporation

Select Medical Holdings Corporation

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  • Select Medical faces three shareholder lawsuits challenging disclosures in its proxy materials for the proposed take-private deal ahead of a June 26, 2026 vote.
  • Two suits were filed in New York state court, one in Pennsylvania state court, alleging misstatements or omissions tied to the merger.
  • Claims include negligent misrepresentation, concealment, and negligence; the Pennsylvania case adds fraudulent concealment and Pennsylvania Securities Act allegations against Welsh Carson entities.
  • Plaintiffs seek to block the merger, recover attorneys’ fees; the New York cases also seek damages if the deal closes.
  • Select Medical received 11 stockholder demand letters, denied wrongdoing, then issued supplemental proxy disclosures to reduce litigation risk.


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