EVH.US
id: 291, Created by Stan Vick, Scout
Evolent Health Inc
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Claim payout
E.D. Virginia
Court10 Jan 2018
Class period Start28 May 2019
Class period End16 Dec 2022
Claim deadlinePlymouth County Retirement System and Oklahoma Police Pension and Retirement System v. Evolent Health, Inc., et al.
"The TAC alleged, among other things, that throughout the Settlement Class Period (as defined below), Defendants made false and misleading statements regarding the partnership between Evolent, a provider of technology-enable clinical and administrative services to health systems, and Passport, including: (1) statements about Evolent’s purported cost savings for
Passport; (2) statements that Evolent was providing services to Passport “at cost” or at a lower cost compared to prior periods; (3) statements that Evolent did not intend to purchase an ownership stake in Passport or its assets; and (4) statements that Evolent believed that Passport’s financial condition was improving. The TAC asserted that Defendants’ alleged materially false and misleading statements and omissions artificially inflated Evolent’s common stock price during the Settlement Class Period and that Evolent’s common stock price declined substantially when the truth regarding Defendants’ alleged misrepresentations was revealed."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Plymouth County Retirement System and Oklahoma Police Pension, Retirement System
Attorney
Saxena White P.A
Judge
Hon. Michael S. Nachmanoff
Administrator
A.B. Data Ltd
Court hearing date
18 November 2022
+$23,500,000
Total Settlement Amount