CVS Health Corporation Class Action Lawsuit - CVS

The filed complaint alleges that CVS Health Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) the forecasts CVS used to determine plan premiums were ineffective at accounting for medical cost trends and health care utilization patterns; (ii) as a result, CVS was likely to incur significant expenses to cover cost increases that were not accounted for in the Company’s forecasts and thus not covered by plan premiums; (iii) accordingly, CVS had overstated the profitability of its health care benefits segment; (iv) contrary to defendants’ assurances, the revenues generated from the Company’s other primary segments were insufficient to offset the negative financial impact of the increasing expenditures within the health care benefits segment; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the CVS class action lawsuit, you must have incurred a loss on shares of CVS purchased during the class period listed above.

If you suffered a loss in CVS during the relevant time frame or pursuant to the relevant offering(s), you have until September 10, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.