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SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Clover Health Investments, Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 6, 2021 - CLOV
March 23, 2021 12:33 PM EDT | Source: Gross Law Firm
New York, New York--(Newsfile Corp. - March 23, 2021) - The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders of Clover Health Investments, Corp. (NASDAQ: CLOV).
Shareholders who purchased shares of CLOV 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:
CLASS PERIOD : October 6, 2020 to February 3, 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) Clover was the recipient of a Civil Investigative Demand from the DOJ; (ii) much of Clover's sales are driven by a major related party deal that Clover not only failed to disclose but took active steps to conceal; (iii) Clover's subsidiary Seek Insurance failed to disclose its relationship with Clover and misled consumers as to its purported independence; (iv) Clover's software was in fact rudimentary; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
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: (212) 537-9430
Fax: (833) 862-7770
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78314