The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Oscar Health, Inc. (“Oscar” or “the Company”) (NYSE: OSCR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Oscar suffered from growing costs related to COVID-19 testing and treatments. The Company was experiencing growing net costs related to COVID-19. The Company experienced an unfavorable prior year Risk Adjustment Data Validation (RADV) result for 2019 and 2020. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Oscar, investors suffered damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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