BHG ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of March 7, 2022 in the Class Action Filed on Behalf of Bright Health Group, Inc. Limited Shareholders
New York, New York--(Newsfile Corp. - January 26, 2022) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Bright Health Group, Inc. (NYSE: BHG) alleging that the Company violated federal securities laws.
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.
Lead Plaintiff Deadline: March 7, 2022
No obligation or cost to you.
Learn more about your recoverable losses in BHG:
Bright Health Group, Inc. NEWS - BHG NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Bright Health Group, Inc. made 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Bright Health you have until March 7, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Bright Health securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111716