An investigation on behalf of current long term investors in Oscar Health, Inc. (NYSE:OSCR) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/29/2022 -- An investigation was announced for long-term investors in shares of Oscar Health, Inc. (NYSE: OSCR) concerning potential breaches of fiduciary duties by certain directors of Oscar Health, Inc.
Investors who are current long term investors in Oscar Health, Inc. (NYSE: OSCR) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: OSCR stocks follows a lawsuit filed against Oscar Health, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: OSCR stocks, concerns whether certain Oscar Health directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Registration Statement was materially false and misleading and omitted to state that Oscar was experiencing growing COVID-19 testing and treatment costs, that Oscar was experiencing growing net COVID costs, that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020, that Oscar was on track to be negatively impacted by significant SEP membership growth, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Oscar Health, Inc. (NYSE: OSCR) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
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.