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Federman & Sherwood Investigates Clover Health Investments, Corp. for Possible Violations of Federal Securities Laws
February 5, 2021 GMT
OKLAHOMA CITY (BUSINESS WIRE) Feb 5, 2021
The law firm of Federman & Sherwood has initiated an investigation into Clover Health Investments, Corp [NASDAQ: CLOV] with respect to possible violations of federal securities laws.
On January 7, 2021, Clover Health Investments, Corp. (“CLOV”) merged with SPAC Social Capital Hedosphia Holdings Corp. III and began to trade under the symbol CLOV. On February 4, 2021, Hindenburg Research published a report about CLOV titled “Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation.” The report alleged that Clover “has not disclosed that its business model and its software offering, called the Clover Assistant, are under ac