Deadline in Lawsuit for Investors in shares of Evolent Health, Inc. (NYSE: EVH) coming up

A deadline is coming up on October 7, 2019 in the lawsuit filed for certain investors of Evolent Health, Inc. (NYSE: EVH over alleged securities laws violations by Evolent Health, Inc.

Investors who purchased shares of Evolent Health, Inc. (NYSE: EVH) have certain options and there are strict and short deadlines running. Deadline: October 7, 2019. NYSE: EVH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the the U.S. District Court for the Eastern District of Virginia the plaintiff alleges on behalf of purchasers of Evolent Health, Inc. (NYSE: EVH) common shares between March 3, 2017 and May 28, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 3, 2017 and May 28, 2019, the defendants mispresented and failed to disclose that Evolent's partnership model did not align the Company's interests with those of its partners, as the model was designed to inflate the Company's revenue by extracting enormous administrative and management fees at the expense of its operating partners such as Passport, that Passport was struggling financially, particularly after Kentucky cut its reimbursement rates, and the partnership between Evolent and University Health Care, Inc., d/b/a Passport Health Plan was becoming increasingly unsustainable, that Evolent was draining Passport of functions, employees and money, to such an extent that University Health Care, Inc., d/b/a Passport Health Plan was left on the verge of insolvency, that University Health Care, Inc., d/b/a Passport Health Plan t was conducting a bidding process for several months to sell itself to prevent liquidation, and that as a result of the foregoing, Defendants' public statements were materially false and/or misleading and/or lacked a reasonable basis.

Those who purchased shares of Evolent Health, Inc. (NYSE: EVH) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.