- A federal court in Virginia has announced a proposed $23.5M securities class action settlement with Evolent Health (NYSE:EVH) regarding its 2019 majority interest in Passport Health Plan.
- The lead plaintiffs are the Plymouth County (Mass.) Retirement System and the Oklahoma Police Pension and Retirement System.
- In 2019, Evolent (EVH) paid $70M for a 70% ownership interest in Kentucky-based Passport Health Plan.
- Plaintiffs have alleged Evolent (EVH) made "materially false and misleading statements and omissions [and] artificially inflated Evolent’s common stock price" which "declined substantially when the truth regarding Defendants' alleged misrepresentations was revealed."
- Seeking Alpha's Quant Rating views Evolent Health (EVH) as a hold with high marks for growth, momentum, and profitability.
Evolent Health offered $23.5M class action securities settlement
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Symbol | Last Price | % Chg |
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EVH | - | - |
Evolent Health, Inc. |