Lifshitz Law PLLC Announces Investigation of Oscar Health,

NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) —

Oscar Health, Inc. (NYSE: OSCR)

Lifshitz Law PLLC announces that a class action complaint has been filed on behalf of the stockholders of Oscar Health alleging that during the company’s initial public offering, the defendants permitted a materially false and misleading registration statement that did not disclose: ( i) that Oscar is experiencing increasing COVID-19 research and treatment costs; (ii) that Oscar had increasing net costs for COVID; (iii) that the Oscar will be adversely affected by an adverse prior year risk adjustment data validation (RADV) result related to 2019 and 2020; (iv) that Oscar is about to be adversely affected by significant growth in SEP membership; and (v) that as a result of the foregoing, the defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and/or lacked a reasonable basis.

If you are an investor in Oscar Health and would like additional information regarding our investigation, please complete the information request form or contact Joshua Lifshitz, Esq. by phone at (516)493-9780 or by email at [email protected]

Upstart Holdings, Inc. (NASDAQ: UPST)

Lifshitz Law PLLC announces that a class action complaint has been filed on behalf of the stockholders of Upstart alleging that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts regarding the business, operations and the company’s prospects. Specifically, Defendants failed to disclose to investors: (i) that Upstart’s AI model could not adequately account for macroeconomic factors such as interest rates that affect the market clearing price for loans; (ii) that Upstart has had a negative impact on its conversion rate as a result; (iii) that as a result there was a reasonable likelihood that the Company would use its balance sheet to fund loans; and (iv) that as a result of the foregoing, the defendants’ positive statements regarding the Company’s business, operations and prospects were materially false and/or misleading and/or lacked a reasonable basis.

If you are a new investor and would like additional information about our investigation, please complete the information request form or contact Joshua Lifshitz, Esq. by phone at (516)493-9780 or by email at [email protected]

C3.ai, Inc. (NYSE: AI)

Lifshitz Law PLLC announces that a class action complaint has been filed on behalf of the stockholders of C3.ai alleging that pursuant to an initial public offering (“IPO”) the Company filed Offering Documents that were negligently prepared and as a result contained false statements of material fact or omitted to state other facts necessary to render the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. The complaint further alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (i) C3.ai’s partnership with Baker Hughes was deteriorating; (ii) C3.ai’s used a flawed accounting methodology to conceal the deterioration of its partnership with Baker Hughes; (iii) C3.ai faced product adoption challenges and significant sales force turnover; (iv) the Company has overstated the extent of its investments in technology, the description of its customers, the total addressable market, the rate of market growth and the scale of alliances with its principal business partners; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you are an investor in C3.ai and would like additional information regarding our investigation, please complete the information request form or contact Joshua Lifshitz, Esq. by phone at (516)493-9780 or by email at [email protected]

TaskUs, Inc. (NASDAQ: TASK)

Lifshitz Law PLLC announces that a class action complaint has been filed on behalf of the shareholders of TaskUs alleging that the defendants made materially false and/or misleading statements and/or failed to disclose that: (i) TaskUs is experiencing serious financial stress and business challenges; (ii) the market for content security was smaller than represented by Defendants and Defendants’ representations were based on outdated market data; (iii) TaskUs improperly recognized revenue from certain key contracts; (iv) Defendants overstated the size of TaskUs’ workforce, as well as employee retention rates, and understated attrition rates; and (v) that as a result of the foregoing, the defendants’ positive statements regarding the Company’s business, operations and prospects are materially false and misleading and/or lack a reasonable basis. The complaint further alleges that following a report by short sellers accusing the Company of not sufficiently disclosing its earnings, the value of the Company’s stock declined dramatically, resulting in significant harm to investors.

If you are a TaskUs investor and would like additional information about our investigation, please complete the information request form or contact Joshua Lifshitz, Esq. by phone at (516)493-9780 or by email at [email protected]

LAWYER ADVERTISING.© 2022 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780. Past results do not guarantee or predict a similar result with respect to any future matter.

Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law PLLC
Phone: 516-493-9780
Fax: 516-280-7376
Email: [email protected]

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