NEW YORK, March 2, 2022 /PRNewswire/ -- The Gross Law Firm
issues the following notice on behalf of shareholders of Bright
Health Group, Inc..
Shareholders who purchased shares of BHG during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/bright-health-group-inc-loss-submission-form/?id=24150&from=4
CLASS PERIOD: 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.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants 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.
DEADLINE: March 7,
2022 Shareholders should not delay in registering
for this class action. Register your information here:
https://securitiesclasslaw.com/securities/bright-health-group-inc-loss-submission-form/?id=24150&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of BHG during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is March 7, 2022. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm