ROSEN, A LEADING INVESTOR LAW FIRM, encourages
NEW YORK, October 23, 2021 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of the buyers of the securities of InnovAge Holding Corp. (NASDAQ: INNV) pursuant to the registration statement and related prospectus (collectively, the âRegistration Statementâ) issued in connection with InnovAge’s initial public offering in March 2021 (the âIPO “Or” the “Offer”). A class action has already been filed. If you want to serve as the principal applicant, you must move the court by December 13, 2021 at the latest.
SO WHAT: If you have purchased InnovAge Securities in accordance with and / or traceable to IPO, you may be entitled to compensation without payment of any fees or additional charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the InnovAge class action lawsuit, go to http://www.rosenlegal.com/cases-register-2180.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court by December 13, 2021 at the latest. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing reviews do not have significant experience, resources or recognition by their peers. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the registration statement contained false and / or misleading statements and / or failed to disclose that: (1) some of InnovAge’s facilities did not provide the covered services, provided accessible and adequate services, managed the medical situations of the participants and supervised the use of specialists; (2) as a result, the Company was reasonably likely to be subject to regulatory oversight, including by the Centers for Medicare and Medicaid Services; (3) as a result, there was a significant risk that CMS would suspend new registrations pending an audit of Company services; and (4) as a result of the foregoing, the defendants’ positive statements about the business, operations and prospects of the Company were substantially misleading and / or lacked reasonable basis. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the InnovAge class action lawsuit, go to http://www.rosenlegal.com/cases-register-2180.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future recovery does not depend on whether he or she is a lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827