IN RE: ADAPTHEALTH CORP. SECURITIES LITIGATION — Entry #104: ORDER AWARDING ATTORNEYS FEES AND LITIGATION EXPENSESTHIS MATTER CAME ON FOR HEARING ON MAY 13, 2026 (THE SETTLEMENT HEARING) ON LEAD COUNSELS MOTION FOR…

Case 2:23-cv-04104-MRP           Document 104        Filed 06/10/26      Page 1 of 4


                          UNITED STATES DISTRICT COURT
                        EASTERN DISTRICT OF PENNSYLVANIA

                                                :
In re AdaptHealth Corp.                         :           Case No. 2:23-cv-04104-MRP
Securities Litigation                           :
                                                :


       ORDER AWARDING ATTORNEYS’ FEES AND LITIGATION EXPENSES

       This matter came on for hearing on May 13, 2026 (the “Settlement Hearing”) on Lead

Counsel’s Motion for Attorneys’ Fees and Litigation Expenses (ECF No. 99). The Court having

considered all matters submitted to it at the Settlement Hearing and otherwise; it appearing that:

(i) the Notice of the Settlement Hearing was mailed to all Settlement Class Members who or which

could be identified with reasonable effort substantially in the form approved by the Court pursuant

to the Order Preliminarily Approving Settlement and Providing for Notice entered on February 2,

2026 (ECF No. 96), and (ii) a summary notice of the hearing substantially in the form approved

by the Court was published in The Wall Street Journal and over PR Newswire pursuant to the

specifications of the Court; and the Court having considered and determined the fairness and

reasonableness of the award of attorneys’ fees and Litigation Expenses requested,

       NOW, THEREFORE, IT IS HEREBY ORDERED THAT:

 1. This Order incorporates by reference the definitions in the Stipulation and Agreement of

     Settlement dated December 18, 2025 (ECF No. 94-2) (the “Stipulation”), and all terms not

     otherwise defined herein shall have the same meanings as set forth in the Stipulation.

 2. The Court has jurisdiction to enter this Order and over the subject matter of the Action and

     all parties to the Action, including all Settlement Class Members.

 3. Notice of Lead Counsel’s motion for attorneys’ fees and Litigation Expenses was given to

     all Settlement Class Members who could be identified with reasonable effort. The form and


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   method of notifying the Settlement Class of the request for attorneys’ fees and expenses

   satisfied the requirements of Rule 23, the Private Securities Litigation Reform Act of 1995,

   15 U.S.C. § 78u-4(a)(7), due process, and all other applicable law and rules, constituted the

   best notice practicable under the circumstances, and constituted due and sufficient notice to

   all persons and entities entitled thereto.

4. Lead Plaintiffs’ Counsel are hereby awarded attorneys’ fees in the amount of 25% of the

   Settlement Fund, or $8,750,000, plus interest earned at the same rate as the Settlement

   Fund. Lead Plaintiffs’ Counsel are also hereby awarded $191,222.40 for payment of their

   litigation expenses. These attorneys’ fees and expenses shall be paid from the Settlement

   Fund, and the Court finds these sums to be fair and reasonable. Lead Counsel shall allocate

   the attorneys’ fees awarded among Lead Plaintiffs’ Counsel in a manner which it, in good

   faith, believes reflects the contributions of such counsel to the institution, prosecution, and

   settlement of the Action.

5. In making this award of attorneys’ fees and payment of litigation expenses from the

   Settlement Fund, the Court has considered and found that:

     a. The Settlement has created a fund of $35,000,000 in cash that has been funded into

         escrow pursuant to the terms of the Stipulation, and numerous Settlement Class

         Members who submit acceptable Claim Forms will benefit from the Settlement

         achieved through the efforts of Lead Plaintiffs’ Counsel;

     b. The requested fee has been reviewed and approved as reasonable by Lead Plaintiffs,

         who are sophisticated institutional investors that actively supervised the Action;

     c. Copies of the Notice were mailed to over 63,000 potential Settlement Class Members

         and nominees stating that Lead Counsel would apply for attorneys’ fees in an amount


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         not to exceed 25% of the Settlement Fund and payment of Litigation Expenses in an

         amount not to exceed $350,000, and no objections to the requested award of

         attorneys’ fees or Litigation Expenses were submitted;

     d. Lead Counsel conducted the litigation and achieved the Settlement with skill,

         perseverance, and diligent advocacy;

     e. The Action raised a number of complex issues;

     f. Had Lead Counsel not achieved the Settlement there would remain a significant risk

         that Lead Plaintiffs and the other members of the Settlement Class may have

         recovered less or nothing from Defendants;

     g. Lead Plaintiffs’ Counsel devoted over 3,600 hours, with a lodestar value of

         approximately $3.3 million, to achieve the Settlement; and

     h. The amount of attorneys’ fees awarded and expenses to be paid from the Settlement

         Fund are fair and reasonable and consistent with awards in similar cases.

6. Lead Plaintiff Allegheny County Employees’ Retirement System is hereby awarded

   $5,730.80 from the Settlement Fund for its reasonable costs and expenses directly related to

   its representation of the Settlement Class.

7. Lead Plaintiff International Union of Operating Engineers, Local No. 793, Members

   Pension Benefit Trust of Ontario is hereby awarded $28,140.00 from the Settlement Fund

   for its reasonable costs and expenses directly related to its representation of the Settlement

   Class.

8. Lead Plaintiff City of Tallahassee Pension Plan is hereby awarded $7,337.50 from the

   Settlement Fund for its reasonable costs and expenses directly related to its representation

   of the Settlement Class.


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9. Any appeal or any challenge affecting this Court’s approval regarding any attorneys’ fees

   and expense application shall in no way disturb or affect the finality of the Judgment.

10. Exclusive jurisdiction is hereby retained over the Parties and the Settlement Class Members

   for all matters relating to this Action, including the administration, interpretation,

   effectuation, or enforcement of the Stipulation and this Order.

11. In the event that the Settlement is terminated or the Effective Date of the Settlement

   otherwise fails to occur, this Order shall be rendered null and void to the extent provided by

   the Stipulation.

12. There is no just reason for delay in the entry of this Order, and immediate entry by the

   Clerk of Court is expressly directed.


   SO ORDERED this 10th day of June, 2026.


                                                           BY THE COURT:


                                                           ______________________________
                                                           Hon. Mia R. Perez