Deadline on May 17th coming up in Lawsuit for Investors in Cano Health, Inc. (NYSE: CANO)

A deadline is coming up on May 17, 2022, in the lawsuit filed for certain investors of Cano Health, Inc. (NYSE: CANO) over alleged securities laws violations by Cano Health, Inc.

Investors who purchased shares of Cano Health, Inc. (NYSE: CANO) have certain options and there are strict and short deadlines running. Deadline: May 17, 2022. NYSE: CANO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of Florida the plaintiff alleges on behalf of purchasers of Cano Health, Inc. (NYSE: CANO) common shares between May 18, 2020, and February 25, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 18, 2020 and February 25, 2022, the defendants made false and/or misleading statements and/or failed to disclose that Cano Health, Inc. overstated its due diligence efforts and expertise with respect to acquiring target businesses, that accordingly, Cano performed inadequate due diligence into whether the Company, post-Business Combination, could properly account for the timing of revenue recognition as prescribed by ASC 606, particularly with respect to Medicare risk adjustments, that as a result, the Company misstated its capitated revenue, direct patient expense, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued expenses, that accordingly, the Company was at an increased risk of failing to timely file one or more of its periodic financial reports, and that as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

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

Contact:
Christopher Clausen
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 lawsuits, 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.