Elevance Health Inc. Common Stock (NYSE: ELV)
58 Days left to seek lead plaintiff status.
The complaint alleges that, throughout the Class Period, Defendants represented to investors that they were closely monitoring cost trends associated with the redetermination process and that the premium rates Elevance was negotiating with states were sufficient to address the risk and cost profiles of those patients staying on Medicaid programs. While Defendants acknowledged that Medicaid expenses were rising, they repeatedly assured investors that this was adequately reflected in the Company’s guidance for the year.