Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CVS Health Corporation ("CVS Health" or the "Company") (NYSE: CVS) investors of a class action representing investors that bought securities between May 3, 2023 and April 30, 2024, inclusive (the "Class Period"). CVS Health investors have until September 10, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
CASE ALLEGATIONS:
The CVS class action lawsuit claims that during the Class Period, CVS and its affiliates made inaccurate or misleading statements and/or failed to disclose the following: (i) CVS's forecasts for determining plan premiums did not effectively account for medical cost trends and healthcare usage patterns; (ii) as a result, CVS likely faced significant unexpected expenses that were not included in its forecasts or covered by plan premiums; (iii) therefore, CVS had exaggerated the profitability of its Health Care Benefits segment; and (iv) contrary to the defendants' assurances, the revenue from CVS’s other primary segments was inadequate to offset the financial impact of increasing expenditures in the Health Care Benefits segment.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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