Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV) Class Action Lawsuit (February 2021)

Closed

3:21cv96 • February 5, 2021

Class Period Start

October 5, 2020

Class Period End

May 4, 2021

PSLRA Deadline

April 6, 2021

Case Allegations

10b5

Statutes of Repose

Oct 5, 2023

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

October 9, 2023

Settlement Fund

$22,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired during the period from October 6, 2020 to February 3, 2021, both dates inclusive.

Claim Administrator

JND Legal Administration
Clover Health Securities Litigation c/o JND Legal Administration PO Box 91462, Seattle, WA 98111
+1 877-381-0387
[email protected]

Hearing Date

October 2, 2023

Opt-out Deadline

September 11, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jun 14, 2024

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Oct 3, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Jun 28, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

May 26, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

May 25, 2023

Proposed Settlement

Feb 14, 2023

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Jul 1, 2022

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Apr 18, 2022

Scheduling Order

Feb 28, 2022

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Aug 27, 2021

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jun 28, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in CLOVER HEALTH INVESTMENTS, CORP. /DE. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 29, 2021

Scheduling Order

Apr 26, 2021

Scheduling Order

Apr 23, 2021

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Feb 22, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in CLOVER HEALTH INVESTMENTS, CORP. /DE. The allegations and class definitions are substantively the same.

Feb 10, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in CLOVER HEALTH INVESTMENTS, CORP. /DE. The allegations and class definitions are substantively the same.

Feb 5, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in CLOVER HEALTH INVESTMENTS, CORP. /DE. The allegations and class definitions are substantively the same.

Feb 5, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in CLOVER HEALTH INVESTMENTS, CORP. /DE.

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