{"id":430685,"date":"2021-02-08T09:17:28","date_gmt":"2021-02-08T14:17:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430685"},"modified":"2021-02-08T09:17:28","modified_gmt":"2021-02-08T14:17:28","slug":"shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-clover-health-investments-corp-and-encourages-investors-with-losses-in-excess-of-100000-to-con","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-clover-health-investments-corp-and-encourages-investors-with-losses-in-excess-of-100000-to-con\/","title":{"rendered":"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"

<\/p>\n

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Schall Law Firm<\/a>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Clover Health Investments, Corp. f\/k\/a Social Capital Hedosophia Holdings Corp. III (\u201cClover\u201d or \u201cthe Company\u201d) (NASDAQ: CLOV<\/a>, CLOVW<\/a>) violations of the federal securities laws.\n<\/p>\n

\nInvestors who purchased or otherwise acquired publicly traded Clover securities between October 6, 2020 and February 4, 2021, inclusive (the \u201cClass Period\u201d); and\/or purchased or otherwise acquired Clover securities pursuant or traceable to the registration statement and prospectus issued in connection with the December 2020 Merger of Clover and Social Capital III, are encouraged to contact the firm before April 6, 2021.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here to participate<\/a>.\n<\/p>\n

\nWe also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com<\/a>, or by email at brian@schallfirm.com<\/a>.\n<\/p>\n

\nThe class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.\n<\/p>\n

\nAccording to the Complaint, the Company made false and misleading statements to the market. Clover was the subject of an active DOJ investigation of at least 12 issues including kickbacks and deceptive marketing. The investigation represented a major threat to the Company\u2019s future due to its dependence on Medicare for revenue. The Company\u2019s sales were not driven by its \u201cbest-in-class\u201d technology as it touted, but rather by misleading marketing practices aimed at senior citizens. A considerable portion of the Company\u2019s sales were derived from an undisclosed relationship with a brokerage firm controlled by the Clover\u2019s head of sales. Based on these facts, the Company\u2019s public statements were false and materially misleading throughout the class period. When the market learned the truth about Clover, investors suffered damages.\n<\/p>\n

Join the case<\/a> to recover your losses.\n<\/p>\n

\nThe Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210208005501\/en\/<\/a><\/span><\/p>\n

\nThe Schall Law Firm
\n
Brian Schall, Esq.,
\n
www.schallfirm.com
\n<\/a>
Office: 310-301-3335
\n
info@schallfirm.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Clover Health Investments, Corp. f\/k\/a Social Capital Hedosophia Holdings Corp. III (\u201cClover\u201d or \u201cthe Company\u201d) (NASDAQ: CLOV, CLOVW) violations of the federal securities laws. Investors who purchased or otherwise acquired publicly traded Clover securities between October 6, 2020 and February 4, 2021, inclusive (the \u201cClass Period\u201d); and\/or purchased or otherwise acquired Clover securities pursuant or traceable to the registration statement and prospectus issued in connection with … <\/p>\n

Continue reading “SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-430685","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-clover-health-investments-corp-and-encourages-investors-with-losses-in-excess-of-100000-to-con\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Clover Health Investments, Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Clover Health Investments, Corp. f\/k\/a Social Capital Hedosophia Holdings Corp. III (\u201cClover\u201d or \u201cthe Company\u201d) (NASDAQ: CLOV, CLOVW) violations of the federal securities laws. 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III (\u201cClover\u201d or \u201cthe Company\u201d) (NASDAQ: CLOV, CLOVW) violations of the federal securities laws. 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