NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of CVS Health Corporation (NYSE: CVS) between May 3, 2023 and April 30, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than 10 September 2024.
SO WHAT: If you purchased CVS securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the CVS class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24975 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 10 September 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.
WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, the firms that file lawsuits do not have comparable experience, resources, or significant peer recognition. Choose your attorneys wisely. The Rosen Law Firm represents investors around the world and focuses on securities class actions and shareholder derivatives litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked No. 1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the projections CVS used to determine plan premiums failed to account for trends in medical costs and healthcare utilization patterns; (2) as a result, CVS likely had to incur significant expenses to cover cost increases that were not accounted for in CVS’s projections and therefore not covered by plan premiums; (3) CVS accordingly overstated the profitability of its Health Care Benefits segment; (4) contrary to defendants’ representations, revenue from CVS’s other major segments was insufficient to offset the negative financial impact of increasing expenses in the Health Care Benefits segment; and (5) as a result, CVS’s public statements were materially false and misleading at all relevant times. When the true details became available to the market, the complaint alleges that investors suffered damages.
To join the CVS class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24975 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
