Glancy Prongay & Murray LLP Continues Its Investigation of Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III (CLOV, CLOVW) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--$CLOV #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Clover Health Investments, Corp. f/k/a Social Capital Hedosophia Holdings Corp. III (“Clover Health” or the “Company”) (NASDAQ: CLOV, CLOVW) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Clover Health investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/clover-health-investments-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at email@example.com to learn more about your rights.
On February 4, 2021, Hindenburg Research released a report entitled "Clover Health: How the ‘King of SPACs’ Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation[.]" The report alleged, among other things, that "Clover has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice (DOJ), which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals."
On this news, the Company’s stock price fell $1.72, or approximately 12%, to close at $12.23 per share on February 4, 2021.
Whistleblower Notice: Persons with non-public information regarding Clover Health should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email firstname.lastname@example.org.
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