NEW
YORK, July 17, 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=90902&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=90902&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