An investigation for investors in InnovAge Holding Corp. (NASDAQ:INNV) shares over potential securities laws violations by InnovAge Holding Corp. was announced.
San Diego, CA -- (SBWIRE) -- 10/07/2021 -- InnovAge Holding Corp is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of InnovAge Holding Corp. (NASDAQ: INNV), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by InnovAge Holding Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Denver, CO based InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. On September 21, 2021, InnovAge Holding Corp revealed that the Centers for Medicare and Medicaid Services ("CMS") had "determined to freeze new enrollments at [the Company's] Sacramento center based on deficiencies detected in [a recent] audit." InnovAge Holding Corp stated that these "deficiencies relate to failures to provide covered services, provide accessible and adequate services, manage participants' medical situations, and oversee use of specialists, among others." Shares of InnovAge Holding Corp. (NASDAQ: INNV) declined from $13.07 per share on September 21, 2021, to $6.45 per share on September 29, 2021.
Those who purchased shares of InnovAge Holding Corp. (NASDAQ: INNV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.