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CANO.US
id: 500, Created by Stan Vick Chase, Scout
Cano Health after-M&A-talks Sell Off
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On December 7, 2022, Bloomberg reported that Daniel Loeb’s Third Point sold its stake in Cano Health Inc. (CANO) amid mounting concerns about the healthcare provider’s liquidity.
Further, BBG reported that some of Cano Health’s biggest creditors are in the early stages of organizing ahead of potential debt discussions.
Earlier, after CANO reported weaker Q3 results and revised full-year guidance, multiple equity analysts cut their ratings on the Company. Cano had $24 million of cash on hand, down from roughly $163 million at the end of last year.
Going back to September 22, 2022, The Wall Street Journal reported that CVS Health and Humana were in talks to buy out Cano. Since then, there's been no solid news about the matter, so it rises questions about whether these deals were on agenda at all.
Taking all the facts into account, Investors have all grounds to suspect that multiple violations took place starting from misleading statements, stock price manipulations, and fraud.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Influencer,
Investment Bank,
Service Provider,
Hedge Fund
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07 December 2022