NYSE: BHG

Bright Health Group, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Bright Health Group, Inc. (NYSE: BHG): (i) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s June 24, 2021 initial public offering (the “IPO”); and/or (ii) between June 24, 2021 and November 10, 2021, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Bright Health investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than March 7, 2022.

If you purchased Bright Health securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Company’s IPO and/or June 24, 2021 through November 10, 2021
If you purchased Bright Health securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that:

  • Bright Health had overstated its post-IPO business and financial prospects;
  • Bright Health was ill-equipped to handle the impact of COVID-19-related costs;
  • Bright Health was experiencing a decline in premium revenue because of a failure to capture risk adjustment on newly added lives;
  • all the foregoing was reasonably likely to have a material negative impact on Bright Health’s business and financial condition; and
  • as a result, the Offering Documents and Defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Bright Health Group, Inc.
Stock Symbol: BHG
Class Period: Pursuant and/or traceable to the Company’s IPO and/or June 24, 2021 through November 10, 2021
Court: United States District Court for the Eastern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top