Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, May 13, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Oscar Health, Inc. Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR) investors that a class action filed on behalf of investors. Cano Health investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On February 28, 2021, Cano Health disclosed that, "the Company and its independent auditor, Ernst & Young LLP, identified certain potential non-cash adjustments to account for revenue recognition under accounting standard ASC 606. The adjustments relate to how and when the Company accrues revenue related to Medicare Risk Adjustments". The company stated that "it will delay its fourth-quarter and full-year 2021 earnings release, conference call and 2022 guidance updates, previously scheduled for Monday, February 28, 2022".
Following this news, Cano Health's stock fell $0.32, or 6.2%, to close at $4.87 per share on February 28, 2022.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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