October 03, 2023
A legal team headed up by Pomerantz LLP will receive a $5.5 million fee for its work representing investors in Medicare Advantage insurance provider Clover Health Investments Corp., alleging the company concealed a U.S. Department of Justice investigation it faced in the lead-up to its go-public merger with a special purpose acquisition company.
April 25, 2023
Medicare Advantage insurance provider Clover Health Investments Corp. has agreed to a $22 million settlement deal that resolves claims it covered up a U.S. Department of Justice probe as it prepared to go public via a merger with a special-purpose acquisition company.
March 01, 2022
Medicare Advantage insurance provider Clover Health Investments Corp. can't shake investors' claims it improperly concealed Justice Department scrutiny of its business practices, according to a federal judge in Nashville.
April 07, 2021
Several securities-focused law firms including Pomerantz LLP, Faruqi & Faruqi and Labaton Sucharow LLP seek to represent investors in a proposed class action alleging Medicare Advantage provider Clover Health Investments Corp. failed to disclose that federal prosecutors were scrutinizing the company as it went public via merger with a special purpose acquisition company.
February 08, 2021
Medicare Advantage provider Clover Health Investments Corp. was hit Friday with a proposed securities class action in Nashville federal court alleging the company failed to disclose that federal prosecutors were scrutinizing the company as it went public via merger with a special purpose acquisition company.