ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Bright Health Group, Inc. with Losses of $100,000 to Contact the Firm

January 7, 2022 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 7, 2022--

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Bright Health Group, Inc. (“Bright Health” or “the Company”) (NYSE: BHG ) for violations of the federal securities laws.

Investors who purchased the Company’s shares pursuant and/or traceable to the Company’s initial public offering conducted on June 24, 2021 (the “IPO”), or between June 24, 2021 and November 10, 2021, inclusive (the “Class Period”), are encouraged to contact the firm before March 7, 2022.

ADVERTISEMENT

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bright Health overstated its business and financial prospects for the post-IPO period. The Company was not ready to manage costs related to the COVID-19 pandemic. The Company suffered from a reduction in premium revenue due to its inability to capture risk adjustments. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bright Health, investors suffered damages.

ADVERTISEMENT

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220107005487/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Schall Law Firm

Copyright Business Wire 2022.

PUB: 01/07/2022 03:43 PM/DISC: 01/07/2022 03:43 PM

http://www.businesswire.com/news/home/20220107005487/en