Recent Security Class Actions

Oscar Health Inc. Class A Common Stock (NYSE: OSCR)

Company Name:Oscar Health Inc. Class A Common Stock
Stock Symbol:NYSE: OSCR
Class Period Start:03/03/2021
Class Period End (inclusive):05/12/2022

According to the Complaint, the Registration Statement was materially false and misleading and omitted to state: (1) that Oscar was experiencing growing COVID-19 testing and treatment costs; (2) that Oscar was experiencing growing net COVID costs; (3) that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) that Oscar was on track to be negatively impacted by significant SEP membership growth; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.