INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Clover Health Investments, Corp.
INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Clover Health Investments, Corp. and Encourages Investors with Losses of $100,000 to Contact the Firm
February 05, 2021 12:43 PM Eastern Standard Time
The Schall Law Firm
, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Clover Health Investments, Corp. (“Clover Health” or “the Company”) (NASDAQ:
) 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. Clover Health is the subject of a report released by Hindenburg Research on February 4, 2021. The report, titled: “Clover Health: How the ‘King of SPACs’ Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation,” alleges that “Clover has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice (DOJ), which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals.” Based on this news, shares of Clover Health traded down more than 10% in intraday trading.
If you are a shareholder who suffered a loss,
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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
, or by email at
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
Brian Schall, Esq.
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