Class Action Lawsuit Filings On Behalf Of Investors Who Have Suffered Stock Or Other Securities Financial Losses
InnovAge Holding Corp. (NASDAQ: INNV), Class Period 03.05.2021-09.21.2021, Lead Plaintiff Deadline 12.13.2021.
Class action filed on October 14, 2021 in United States District Court, District Of Colorado, on behalf of persons and entities that purchased, or otherwise acquired, InnovAge common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s March 2021 initial public offering (“IPO”). Plaintiff pursues claims against the Defendants under the Securities Act of 1933.
Class action complaint alleges that the the Registration Statement was materially false and misleading and omitted to state that (1) certain of InnovAge’s facilities failed to provide covered services, provide accessible and adequate services, manage participants’ medical situations, and oversee use of specialists; (2) as a result, the Company was reasonably likely to be subject to regulatory scrutiny, including by the Centers for Medicare and Medicaid Services; (3) as a result, there as a significant risk that CMS would suspend new enrollments pending an audit of the Company’s services; and (4) as a result of the foregoing, the InnovAge Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Investors who purchased, or otherwise acquired, INNV securities during the Class Period and suffered financial losses are encouraged to contact Kehoe Law Firm, P.C., by completing Kehoe Law Firm’s Securities Class Action Questionnaire or by contacting either Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], or John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected].
Lightning eMotors (NYSE: ZEV), Class Period 05.07.2021-08.16.2021
Federal securities class action filed on October 15, 2021 in United States District Court, District of Colorado, on behalf of a class consisting of all persons and entities other than the Lightning eMotors Defendants that purchased, or otherwise acquired, Lightning eMotors securities between May 7, 2021 and August 16, 2021, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Throughout the Class Period, according to the complaint, the Lightning eMotors Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Lightning eMotors Defendants made false and/or misleading statements and/or failed to disclose that (i) the Company would record a substantially greater net loss per share in the second quarter of 2021 compared to the second quarter of 2020 and would pull its full year guidance for the remainder of 2021; (ii) accordingly, the Company materially overstated its financial position and/or prospects; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.