Levi & Korsinsky Announces Evolent Health Class Action Investigation; EVH Lawsuit

Class Action Reports

Levi & Korsinsky Announces Evolent Health Class Action Investigation; EVH Lawsuit

Levi & Korsinsky, LLP

September 24, 2019

Levi & Korsinsky, LLP announces that a EVH class action lawsuit has been commenced on behalf of investors who purchased Evolent Health, Inc. (EVH) securities between March 3, 2017 and May 28, 2019. For more on the Evolent Health Class Action please contact us today.

According to the Evolent Health lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Evolent’s partnership model was not aligned with its partners, as it was designed to parasitically increase its own revenue by extracting  enormous administrative and management fees at the expense of its partners such as Passport Health Plan (“Passport”); (2) Passport was struggling financially, particularly after Kentucky cut its reimbursement rates, and the partnership between Evolent and Passport was becoming increasingly unsustainable; (3) Evolent was draining Passport of functions, employees, and money to such an extent that Passport was left on the verge of insolvency; (4) for several months, Passport was conducting a bidding process to sell itself to a financial buyer to prevent liquidation; and (5) as a result of the foregoing, Defendants public statements were materially false and/or misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE EVH CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/evolent-health-inc-loss-form?wire=3

If you suffered a loss in Evolent Health you have until October 7, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com