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.