{"id":454312,"date":"2021-03-09T17:48:19","date_gmt":"2021-03-09T22:48:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454312"},"modified":"2021-03-09T17:48:19","modified_gmt":"2021-03-09T22:48:19","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  09, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=71DYTmXMYqIlH4KRXQQlnP1WT3lp5WwrLtbn9D8kyH77AJoUcq96QV1YC8pCFLun0Vj8Qw_IhLmsltwiSeLZog==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of those who acquired Clover Health Investments, Corp. (\u201cClover\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tAv233w6-FeW3OU5ldpAiasmJVfwK9lEDuahXkLF0TF_zkect3XS3VJngc_u3aatLQIEKht-1c1xCDzPxCPOuJ2GCq9i2s3a3PMLiz1CVHaLsyt20UrT1Cbub1RO2v84\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CLOV<\/a>) securities from October 6, 2020 through February 4, 2021 (the \u201cClass Period\u201d). Investors have until April 6, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">On January 7, 2021, Clover merged with SPAC Social Capital Hedosophia Holdings Corp. III and began to trade under the symbol CLOV on NASDAQ.\u00a0On February 4, 2021, Hindenburg Research issued a report stating that prior to the merger, Clover had been under active investigation by the U.S. Department of Justice for issues ranging from kickbacks to marketing practices to undisclosed third-party deals. Clover did not reveal that it was under active investigation by the DOJ. On this news, the price of Clover\u2019s shares fell $1.72 per share, or approximately 12.3%, to close at $12.23 per share on February 4, 2021, representing a one-day loss in market capitalization of approximately $700 million.<\/p>\n<p align=\"justify\">The lawsuit alleges that throughout the Class Period Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (i) Clover was the recipient of a Civil Investigative Demand from the DOJ; (ii) much of Clover\u2019s sales are driven by a major related party deal that Clover not only failed to disclose but took active steps to conceal; (iii) Clover\u2019s subsidiary Seek Insurance failed to disclose its relationship with Clover and misled consumers as to its purported independence; (iv) Clover\u2019s software was in fact rudimentary; and (v) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Clover securities, have information, or would like to learn more about these claims, please contact<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wkOPr4QrzTHxboYwLWwNACpYqYBvLsaEzZ7ysu4oaNIEC4gVPWh9hr6E2cfqDn3NpqFaI1kL1mdWXg6DvHfkKWl7lZK5P9uBM8RF12brHao=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=395dQr9eLa8cmjxp-fh9RIQpSBCPzAVkhR3Z2PfadLLy21aNIJjzGXeQtZgrCZQt1Ctwf8ov0QHBRQQl6iz1dg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mFpKYdIKryajzSOUaY697e_DZywp-TA5UHoJ1b5q3oBc5wPyeA5WVso_hXY9lrQX24jc03sSD100BO_OdUFfijig9-f2WenzspsimiIYPvs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nw7Teiqpo1qfpyG6-18vGqQqWxlUUGObzzOUvAeho_iZVdup6yEnb-OLyNH0q-ZhiThvs6iRM4Svjt8BDE6SANoPb2wUBJ_iLHJ4zlUCqEESpZUDupjo7LxqCFC08-Ik\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=71DYTmXMYqIlH4KRXQQlnH5vy_mFqKQwyBGMgiEsvm9ISjs_vATll2rsBOQePzqs4eiYcTvo--ntmXWVLoyN4w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Kirby McInerney LLP<\/u><br \/>\n        <\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website:<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qr0lA8cuHdRUXU5TAhwy1lsMXFEQLKnuhGvhG9o0LljtzSnVgOxqEAIflvassmaeElPJGS0ug49HngIKqCt9ig==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.kmllp.com<\/u><\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ipCGt545M14Elby7DhJKvWY7kuA1SPXjEfdmRHe2ZT4hNA5wBvY1PxuZktYDEmsQewGX9QwJK16S0gUYaOcMlA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mFpKYdIKryajzSOUaY697e_DZywp-TA5UHoJ1b5q3oDk72lmYzSy3Hcd05GPHk539nQ8ZLfrpd8f5OR0_uUdOnWB2D8Zb5xpY0pTjBIZ_Sg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzI3MSM0MDU2NDU1IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/c88dd247-5318-40da-9086-f2788dc708b0\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 09, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of those who acquired Clover Health Investments, Corp. (\u201cClover\u201d or the \u201cCompany\u201d) (NASDAQ: CLOV) securities from October 6, 2020 through February 4, 2021 (the \u201cClass Period\u201d). Investors have until April 6, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On January 7, 2021, Clover merged with SPAC Social Capital Hedosophia Holdings Corp. III and began to trade under the symbol CLOV on NASDAQ.\u00a0On February 4, 2021, Hindenburg Research issued a report stating that prior to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021&#8221;<\/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-454312","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021 - 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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 09, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of those who acquired Clover Health Investments, Corp. (\u201cClover\u201d or the \u201cCompany\u201d) (NASDAQ: CLOV) securities from October 6, 2020 through February 4, 2021 (the \u201cClass Period\u201d). Investors have until April 6, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On January 7, 2021, Clover merged with SPAC Social Capital Hedosophia Holdings Corp. III and began to trade under the symbol CLOV on NASDAQ.\u00a0On February 4, 2021, Hindenburg Research issued a report stating that prior to &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T22:48:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzI3MSM0MDU2NDU1IzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021\",\"datePublished\":\"2021-03-09T22:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/\"},\"wordCount\":468,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzI3MSM0MDU2NDU1IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021 - Market Newsdesk","og_description":"NEW YORK, March 09, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of those who acquired Clover Health Investments, Corp. (\u201cClover\u201d or the \u201cCompany\u201d) (NASDAQ: CLOV) securities from October 6, 2020 through February 4, 2021 (the \u201cClass Period\u201d). Investors have until April 6, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On January 7, 2021, Clover merged with SPAC Social Capital Hedosophia Holdings Corp. III and began to trade under the symbol CLOV on NASDAQ.\u00a0On February 4, 2021, Hindenburg Research issued a report stating that prior to &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-09T22:48:19+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzI3MSM0MDU2NDU1IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021","datePublished":"2021-03-09T22:48:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/"},"wordCount":468,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzI3MSM0MDU2NDU1IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-clover-health-investments-corp-and-encourages-investors-to-contact-the-firm-before-april-6-2-2\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Clover Health Investments, Corp. and Encourages Investors to Contact the Firm Before April 6, 2021 - 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