InnovAge Holding Corp (INNV) Shareholder Alert: Grabar Law Office Investigates Claims as Securities Fraud Class Action Moves Forward

Philadelphia, Pennsylvania--(Newsfile Corp. - November 1, 2024) - Attention InnovAge (NASDAQ: INNV) shareholders: Grabar Law Office is investigating claims of securities fraud as key allegations against InnovAge and its leadership survive a critical motion to dismiss. If you have continuously held InnovAge shares since its on or near its March 4, 2021 IPO, this is your opportunity to take action.

The Class Action Survives the Motion to Dismiss:

InnovAge touted its revolutionary approach to senior healthcare, promising investors a "virtuous cycle" of sustainable growth in a virtually untapped $200 billion healthcare market. However, within just eight months, government audits and investigative reports revealed that the company's model did not deliver high-quality care as promised, but rather compromised the well-being of the very seniors it aimed to serve.

Despite this, InnovAge executives continued to boast about the company's scalable, high-quality model while quietly cashing out $42 million in stock options and compensation. The court has now ruled that several claims against InnovAge and its officers are legally actionable, paving the way for a class action lawsuit.

Why This Matters:

If these claims are proven true, InnovAge shareholders could have suffered significant financial harm. This is a critical opportunity to seek corporate reforms, recover misappropriated funds, and potentially receive a court-approved incentive award-all at no cost to you.

What You Can Do:

If you've held InnovAge shares since on or around the IPO date, you are encouraged to learn more about your rights. Visit https://grabarlaw.com/the-latest/innovage-shareholder-investigation/ or reach out directly to Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com. You can also call us 267-507-6085.

Act now to protect your investment and hold InnovAge accountable.

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