Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ardent Health, Inc. regarding a class action lawsuit due to alleged false statements and misleading financial practices [1][3]. Group 1: Allegations - The complaint alleges that Ardent Health did not rely on detailed reviews of historical collections for determining the collectability of accounts receivable, instead using a 180-day cliff for reserving accounts [3]. - This practice allowed Ardent Health to report inflated accounts receivable and delay recognizing losses on uncollectible accounts, resulting in a materially false financial position [3]. - Additionally, the company reportedly did not maintain sufficient professional malpractice liability insurance to cover claims, particularly in the New Mexico market, where social inflationary pressures in medical malpractice cases have been increasing [3]. Group 2: Class Action Details - The class period for the lawsuit is from July 18, 2024, to November 12, 2025, with a deadline for shareholders to register as lead plaintiffs by March 9, 2026 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the case incurs no cost or obligation for the shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [5].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 9, 2026 in Ardent Health, Inc. Lawsuit – ARDT