(NASDAQ GM: BNFT)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Benefitfocus, Inc. ("Benefitfocus" or the "Company") on behalf of stockholders. A class action complaint has been filed against Benefitfocus. The complaint alleges that the Registration Statement and the Prospectus (the "Offering Documents") filed in connection with the March 1, 2019 secondary public offering ("SPO") were negligently prepared and contained untrue statements of material fact, omitted material facts, and failed to make adequate disclosures. Among other things: (i) the Offering Documents contained materially false and misleading statements and material omissions about the terms and financial impact of the amended Mercer Health Agreement; and (ii) the Offering Documents failed to disclose significant risks that made the SPO more speculative and risky. Since the SPO, the value of Benefitfocus's common stock shares has fell from the SPO price of $48.25 per share to $14.90 per share on March 2, 2021.