NYSE: OSCR

Oscar Health, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Oscar Health, Inc. (NYSE: OSCR) 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” or the “Offering”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2022.

If you purchased Oscar securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the March 2021 IPO Registration Statement

Deadline:

7 Days
If you purchased Oscar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the IPO Registration Statement was materially false and misleading and omitted to state:

  • Oscar was experiencing growing COVID-19 testing and treatment costs;
  • Oscar was experiencing growing net COVID-19 costs;
  • Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020;
  • Oscar was on track to be negatively impacted by significant Special Enrollment Period (SEP) membership growth; and
  • 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.

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.

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Company Name: Oscar Health, Inc.
Stock Symbol: OSCR
Class Period: Pursuant and/or traceable to the Company's IPO
Court: United States District Court for the Southern District of New York

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