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Agilon Health, Inc. Faces Multiple Class Action Lawsuits

Investors allege misleading statements and undisclosed increased medical costs led to significant losses.

  • Multiple class action lawsuits have been filed against Agilon Health, Inc. for misleading investors about its financial health and medical costs.
  • The lawsuits claim Agilon Health failed to disclose increased medical costs due to higher utilization by Medicare Advantage patients.
  • Investors were allegedly misled with overly optimistic financial guidance and inadequate risk disclosures.
  • Agilon Health's stock price plummeted following revelations of increased medical costs and lowered profit forecasts.
  • The deadline for investors to apply as lead plaintiff in the lawsuits is May 20, 2024.
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