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Oscar Health shareholder Lorin Carpenter is suing Oscar Health CEO Mario Schlosser and others asking for class action status, claiming the insurer misled investors about the costs associated with COVID-19 when they bought Class A common stock in the company. The lawsuit was filed Thursday, May 12, in U.S. District Court in New York. On March 3, 2021, in a Securities and ....
Stockholders allege the insurtech concealed the negative impact the COVID-19 pandemic was having on its business ahead of its $7 billion initial public offering. ....