Press release
Long-Term Investors in shares of CVS Health Corporation (NYSE: CVS) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing
An investigation on behalf of current long term investors in CVS Health Corporation (NYSE: CVS) shares.
Investors who are current long term investors in CVS Health Corporation (NYSE: CVS) shares, 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 for current long term investors in NYSE: CVS stocks follows a lawsuit filed against CVS Health Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CVS stocks, concerns whether certain CVS Health Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose tha the forecasts CVS used to determine plan premiums were ineffective at accounting for medical cost trends and health care utilization patterns, that 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, that accordingly, CVS had overstated the profitability of its Health Care Benefits segment, that 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 that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of CVS Health Corporation (NYSE: CVS) 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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