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Investigation announced for Investors in shares of InnovAge Holding Corp. (NASDAQ: INNV) over potential Wrongdoing

09-16-2022 02:33 AM CET | Associations & Organizations

Press release from: Shareholders Foundation

An investigation on behalf of investors in InnovAge Holding Corp. (NASDAQ: INNV) shares over potential wrongdoing.

An investigation on behalf of investors in InnovAge Holding Corp. (NASDAQ: INNV) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at InnovAge Holding Corp.

Investors who purchased shares of InnovAge Holding Corp. (NASDAQ: INNV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain InnovAge Holding Corp. (NASDAQ: INNV officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On October 14, 2021, a lawsuit was filed against InnovAge Holding Corp. over alleged violations of Federal Securities Laws in connection with the Company's March 2021 initial public offering ("IPO").
The plaintiff claims that the Defendants failed to disclose to investors that certain of InnovAge's facilities failed to provide covered services, provide accessible and adequate services, manage participants' medical situations, and oversee use of specialists, that, as a result, the Company was reasonably likely to be subject to regulatory scrutiny, including by the Centers for Medicare and Medicaid Services, that, as a result, there as a significant risk that CMS would suspend new enrollments pending an audit of the Company's services, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On June 21, 2022, an amended complaint was filed.

Those who purchased shares of InnovAge Holding Corp. (NASDAQ: INNV) have certain options and should contact the Shareholders Foundation.

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 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.

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