According to the complaint, defendants failed to disclose to investors:
- material, adverse facts concerning Molina’s “medical cost trend assumptions;”
- that Molina was experiencing a “dislocation between premium rates and medical cost trend;”
- that Molina’s near term growth was dependent on a lack of “utilization of behavioral health, pharmacy, and inpatient and outpatient services;”
- as a result of the foregoing, Molina’s financial guidance for fiscal year 2025 was substantially likely to be cut; and
- as a result of the foregoing, defendants’ positive statements about Molina’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising. Prior results do not guarantee a similar outcome.
