Bright Health Group, Inc.
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Bright Health Group, Inc. ("Bright Health") on behalf of stockholders. A class action complaint has been filed against Bright Health. The complaint alleges that defendants made materially false and misleading statements regarding Bright Health's business, operations, and compliance policies. Specifically, Bright Health's offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (i) Bright Health had overstated its post-IPO business and financial prospects; (ii) Bright Health was ill-equipped to handle the impact of COVID-19-related costs; (iii) Bright Health was experiencing a decline in premium revenue because of a failure to capture risk adjustment on newly added lives; (iv) all the foregoing was reasonably likely to have a material negative impact on Bright Health's business and financial condition; and (v) as a result, the offering documents and defendants' public statements were materially false and/or misleading and failed to state information required to be stated therein.