Core Viewpoint - A class action lawsuit has been filed against Elevance Health, Inc. for alleged violations of federal securities laws, specifically regarding misleading statements about the acuity and utilization of its Medicaid members during a specific period [1]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Elevance's securities between April 18, 2024, and October 16, 2024 [1]. - The complaint claims that Elevance misrepresented the impact of Medicaid redeterminations, suggesting that members removed from Medicaid were healthier than those who remained eligible [1]. - It is alleged that the changes in utilization were not accurately reflected in the company's negotiations with states or in its financial guidance to investors [1]. Group 2: Investor Participation - Shareholders who experienced losses are encouraged to contact the DJS Law Group to participate in the class action [2]. Group 3: DJS Law Group Profile - DJS Law Group focuses on enhancing investor returns through balanced counseling and aggressive advocacy, specializing in securities class actions and corporate governance litigation [3]. - The firm represents some of the largest hedge funds and alternative asset managers globally, emphasizing the value of litigation claims as significant assets [3].
ELV Shareholders Have the Right to Lead the Elevance Health, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - ELV