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NEW YORK, Aug. 29, 2024 ~ New York, NY - The Gross Law Firm has issued a notice to shareholders of CVS Health Corporation (NYSE: CVS) regarding possible lead plaintiff appointment. Shareholders who purchased shares of CVS during the class period from May 3, 2023 to April 30, 2024 are encouraged to contact the firm for more information.
According to the complaint, Defendants allegedly made materially false and/or misleading statements and failed to disclose important information during the class period. It is alleged that CVS used ineffective forecasts to determine plan premiums, resulting in significant expenses that were not accounted for and thus not covered by plan premiums. This led to an overstatement of the profitability of the company's health care benefits segment.
Furthermore, it is alleged that despite assurances from defendants, revenues from other primary segments were insufficient to offset the negative financial impact of increasing expenditures within the health care benefits segment. As a result, the company's public statements were deemed materially false and misleading.
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The deadline for shareholders to register for this class action is September 10, 2024. Shareholders who purchased shares of CVS during the specified timeframe can register their information on The Gross Law Firm's website.
Once registered, shareholders will be enrolled in a portfolio monitoring software that will provide updates throughout the case's lifecycle. There is no cost or obligation for shareholders to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm with a mission to protect investors' rights who have suffered as a result of deceit, fraud, and illegal business practices. The firm is committed to promoting responsible business practices and good corporate citizenship. They seek recovery on behalf of investors who incurred losses due to false and/or misleading statements or omission of material information by a company leading to artificial inflation of stock prices.
For more information or inquiries about this case, shareholders can contact The Gross Law Firm via email or phone at (646) 453-8903. The firm's office is located at 15 West 38th Street, 12th floor, New York, NY, 10018.
The Gross Law Firm's track record of success and commitment to protecting investors' rights make them a trusted choice for shareholders seeking justice. Attorney advertising. Prior results do not guarantee similar outcomes.
According to the complaint, Defendants allegedly made materially false and/or misleading statements and failed to disclose important information during the class period. It is alleged that CVS used ineffective forecasts to determine plan premiums, resulting in significant expenses that were not accounted for and thus not covered by plan premiums. This led to an overstatement of the profitability of the company's health care benefits segment.
Furthermore, it is alleged that despite assurances from defendants, revenues from other primary segments were insufficient to offset the negative financial impact of increasing expenditures within the health care benefits segment. As a result, the company's public statements were deemed materially false and misleading.
More on Nyenta.com
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The deadline for shareholders to register for this class action is September 10, 2024. Shareholders who purchased shares of CVS during the specified timeframe can register their information on The Gross Law Firm's website.
Once registered, shareholders will be enrolled in a portfolio monitoring software that will provide updates throughout the case's lifecycle. There is no cost or obligation for shareholders to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm with a mission to protect investors' rights who have suffered as a result of deceit, fraud, and illegal business practices. The firm is committed to promoting responsible business practices and good corporate citizenship. They seek recovery on behalf of investors who incurred losses due to false and/or misleading statements or omission of material information by a company leading to artificial inflation of stock prices.
For more information or inquiries about this case, shareholders can contact The Gross Law Firm via email or phone at (646) 453-8903. The firm's office is located at 15 West 38th Street, 12th floor, New York, NY, 10018.
The Gross Law Firm's track record of success and commitment to protecting investors' rights make them a trusted choice for shareholders seeking justice. Attorney advertising. Prior results do not guarantee similar outcomes.
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