Elevance Health Inc. Faces Securities Fraud Class Action Over Misleading Cost Trend Monitoring and Rate Negotiations
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Elevance Health Inc. is facing a securities fraud class action investigation by the Grabar Law Office. Allegations suggest that company officers misrepresented cost trend monitoring related to Medicaid, failing to account for higher costs from sicker patients. This oversight was not reflected in the 2024 financial guidance, leading to claims of misleading statements about financial prudence. Shareholders who bought shares before April 18, 2024, are urged to contact the law office for potential recovery options.
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