Health Insurer Named In Shareholder Suit Over Alleged COVID-19 Misstatements

Mealey's (January 13, 2022, 4:16 PM EST) -- BROOKLYN, N.Y. — A health insurance provider and certain of its current and former executive officers and directors misrepresented the company’s ability to withstand the impact of the COVID-19 pandemic in offering documents for the company’s initial public offering and in public statements throughout the class period in violation of federal securities law, a shareholder alleges in a securities class action filed Jan. 6 in New York federal court....

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