Investors can contact the law firm toll-free to learn more about recovering their losses
LOS ANGELES, June 11, 2021 (GLOBE NEWSWIRE) – The Portnoy law firm informs investors of Oscar Health, Inc. (“Oscar” or the “Company” (NYSE: OSCR) that the company has opened an investigation into possible securities fraud and may file a class action on behalf of the investors.
Investors are encouraged to contact a lawyer Lesley F. Portnoy, by phone 310-692-8883 or E-mail: [email protected], to discuss their legal rights, or Click here join the case via www.portnoylaw.com. The Portnoy law firm can provide a further case assessment and discuss investors’ options to pursue claims to recover their losses.
Oscar provides health insurance products and services to individuals, families and businesses in the United States. Oscar was previously known as Mulberry Health Inc. and in January 2021 changed its name to “Oscar Health, Inc. In its initial public offering, Oscar sold approximately 37 million shares on March 3, 2021 at 39.00 $ a share, raising nearly $ 1.4 billion in new capital. On May 13, 2021, Oscar announced its financial results for the first quarter of 2021, reporting a loss of $ 87.4 million or $ 0.98 per share, which was well below analysts’ expectations of a loss of $ 0.53 per share.
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The Portnoy law firm represents investors in lawsuits arising from corporate wrongdoing. The company’s founding partner has recovered more than $ 5.5 billion for aggrieved investors. Lawyer advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
CA and NY bar admitted