Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. for alleged violations of securities laws, specifically related to misleading statements about the company's financial practices and liabilities [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Ardent's securities between July 18, 2024, and November 12, 2025, are encouraged to participate in the lawsuit before the deadline of March 9, 2026 [2]. Group 2: Allegations Against the Company - The complaint alleges that Ardent made false and misleading statements regarding its accounts receivable and the methodology used to assess collectability [4]. - The company reportedly did not conduct detailed reviews of historical collections, instead using a 180-day cliff method to delay recognizing losses on uncollectable accounts [4]. - Additionally, Ardent failed to maintain adequate levels of professional malpractice liability insurance, contributing to the misleading nature of its public statements [4].
ARDT Investors Have Opportunity to Lead Ardent Health, Inc. Securities Fraud Lawsuit with the Schall Law Firm