NEW YORK, Feb. 4, 2022 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Bright Health Group, Inc.
(NYSE: BHG).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/bright-health-group-inc-loss-submission-form/?id=23326&from=4
This lawsuit is on behalf of all persons and entities other than
defendants that purchased or otherwise acquired: (a) Bright Health
common stock pursuant and/or traceable to documents issued in
connection with the Company's initial public offering conducted on
or about June 24, 2021; and/or (b)
Bright Health securities between June 24,
2021 and November 10,
2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 7, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Bright Health Group, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Bright Health had overstated its post-IPO
business and financial prospects; (ii) the Company was ill-equipped
to handle the impact of COVID-19-related costs; (iii) the Company
was experiencing a decline in premium revenue because of a failure
to capture risk adjustment on newly added lives; (iv) all the
foregoing was reasonably likely to have a material negative impact
on Bright Health's business and financial condition; and (v) as a
result, the documents issued in connection with the IPO and
Defendants' public statements throughout the class period were
materially false and/or misleading and failed to state information
required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law