• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
OSCAR HEALTH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Oscar Health, Inc.

OSCAR HEALTH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Oscar Health, Inc.

May 14, 2022
Mental telehealth program, nursing education among education initiatives announced in second State of the City address

Mental telehealth program, nursing education among education initiatives announced in second State of the City address

January 26, 2023
Biden protects Minnesota’s Boundary Waters from mining

Biden protects Minnesota’s Boundary Waters from mining

January 26, 2023
SUNY schools expanding health care programs

SUNY schools expanding health care programs

January 26, 2023
Sen. King gives lesson in politics at FA | Local News

Sen. King gives lesson in politics at FA | Local News

January 26, 2023
Arkansas to Hold National Girls and Women in Sports Day Clinic

Arkansas to Hold National Girls and Women in Sports Day Clinic

January 26, 2023
Employers ‘disappointed’ in health plan performances, study finds

Employers ‘disappointed’ in health plan performances, study finds

January 26, 2023
No Labels Party becomes Colorado’s latest official political party

No Labels Party becomes Colorado’s latest official political party

January 26, 2023
TikTok’s New Defense in Washington: Going on the Offense

TikTok’s New Defense in Washington: Going on the Offense

January 26, 2023
Budget traveling: World travelers share 3 tips for seeing the world on the cheap

Budget traveling: World travelers share 3 tips for seeing the world on the cheap

January 26, 2023
Track & Field Set to Host Penn State National Open

Track & Field Set to Host Penn State National Open

January 26, 2023
NH Dems seek to limit ‘education freedom accounts’

NH Dems seek to limit ‘education freedom accounts’

January 26, 2023
Dearborn’s health department wants to make access to services easier

Dearborn’s health department wants to make access to services easier

January 26, 2023
Thursday, January 26, 2023
News Today
  • Home
  • World
  • Politics
  • Health
  • Education
  • National
  • News
No Result
View All Result
News Today
No Result
View All Result
Home Health

OSCAR HEALTH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Oscar Health, Inc.

by newstoday
May 14, 2022
in Health
0
OSCAR HEALTH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Oscar Health, Inc.
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


NEW ORLEANS, May 13, 2022 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 11, 2022 to file lead plaintiff applications in a securities class action lawsuit against Oscar Health, Inc. (NYSE: OSCR), if they purchased or acquired the Company’s Class A common stock pursuant and/or traceable to the Company’s March 2021 initial public offering (the “IPO”).  This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased or acquired shares of Oscar Health as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-oscr/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 11, 2022.  

About the Lawsuit

Oscar Health and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement, violating federal securities laws. 

On November 10, 2021, the Company disclosed a net loss for the quarter of $212.7 million, an increase of $133.6 million year-over-year, and that its Medical Loss Ratio (“MLR”) for the third quarter 2021 increased 920 basis points year-over-year, to 99.7%, “primarily driven by higher net COVID costs as compared to the net benefit in 3Q20, an unfavorable prior year Risk Adjustment Data Validation (RADV) result, and the impact of significant SEP membership growth.”

On this news, shares of Oscar Health fell $4.05 per share, or 24.5%, to close at $12.47 per share on November 11, 2021.

The case is Carpenter v. Oscar Health, Inc., et al., Case No. 1:22-cv-03885.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner 
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200 
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC



Source link

Share196Tweet123Share49
newstoday

newstoday

  • Trending
  • Comments
  • Latest
Stay away from S.F. national parks, police union says. Here’s what’s behind the warning

Stay away from S.F. national parks, police union says. Here’s what’s behind the warning

May 25, 2022
Gallaudet University Track Star Becomes School’s First National Champ – NBC4 Washington

Cornyn likens overrule of Roe v. Wade to Brown v. Board of Education in tweet

June 26, 2022
John Cornyn tweet about Brown v. Board of Education goes viral

John Cornyn tweet about Brown v. Board of Education goes viral

June 25, 2022
African diplomats protest alleged begins racism and inhumane clinical treat

Coronavirus: France deaths at city 14,400 ahead Macron lockdown

0
Police investigating fatal shooting in southeast

Police investigating fatal shooting in southeast

0
African diplomats protest alleged begins racism and inhumane clinical treat

Prince Harry drops royal surname after moving

0
Mental telehealth program, nursing education among education initiatives announced in second State of the City address

Mental telehealth program, nursing education among education initiatives announced in second State of the City address

January 26, 2023
Biden protects Minnesota’s Boundary Waters from mining

Biden protects Minnesota’s Boundary Waters from mining

January 26, 2023
SUNY schools expanding health care programs

SUNY schools expanding health care programs

January 26, 2023
News Today

Copyright © 2022 NewsToday.

Navigate Site

  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2022 NewsToday.