Core Insights - Agilon Health, Inc. has significantly reduced its 2023 profit forecasts, particularly lowering its Medical Margin expectation to between $340 million and $360 million, which is approximately $110 million below previous guidance due to $90 million in unexpected medical costs [2] - The company and certain executives are facing a securities class action lawsuit for allegedly failing to disclose material information during the Class Period, violating federal securities laws, with the court recently denying the company's motion to dismiss the case [3] - Kahn Swick & Foti, LLC is conducting an investigation into whether agilon's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [3] Company Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value, serving both institutional and retail investors seeking recoveries for investment losses due to corporate fraud or malfeasance [4]
AGILON HEALTH INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of agilon health, inc. – AGL