NEW
YORK, Sept. 5, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of CVS
Health Corporation (NYSE: CVS).
Shareholders who purchased shares of CVS during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/cvs-health-corporation-loss-submission-form-2/?id=100113&from=4
CLASS PERIOD: May 3, 2023
to April 30, 2024
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) the forecasts CVS
used to determine plan premiums were ineffective at accounting for
medical cost trends and health care utilization patterns; (ii) as a
result, CVS was likely to incur significant expenses to cover cost
increases that were not accounted for in the Company's forecasts
and thus not covered by plan premiums; (iii) accordingly, CVS had
overstated the profitability of its health care benefits segment;
(iv) contrary to defendants' assurances, the revenues generated
from the Company's other primary segments were insufficient to
offset the negative financial impact of the increasing expenditures
within the health care benefits segment; and (v) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
DEADLINE: September 10,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/cvs-health-corporation-loss-submission-form-2/?id=100113&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of CVS during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is September 10, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm