Kaskela Law LLC Announces Important Deadline in Shareholder Class Action Lawsuit Against Clover Health Investments Corp. (CLOV) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

PHILADELPHIA, March 30, 2021 (GLOBE NEWSWIRE) – Kaskela Law LLC announces that it has filed a class action lawsuit against Clover Health Investments Corp. on behalf of investors. (NASDAQ: CLOV) (“Clover” or the “Company”) has been filed to purchase shares in the Company’s securities between October 6, 2020 and February 4, 2021including (the “Class Period”).

Clover investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact us at (484) 258-1585 or email at [email protected] or online at Kaskela Law LLC (D. Seamus Kaskela, Esq .) To apply https://kaskelalaw.com/case/clover/, for additional information about this promotion and your statutory rights and options.

As detailed in the complaint, Hindenburg Research released a research report on February 4, 2021, which found that Clover’s flagship platform, Clover Assistant, was the subject of an investigation by the U.S. Department of Justice (DOJ) on various topics, including illegal setbacks, marketing practices and Undisclosed Related Party Transactions. Hindenburg found that Clover’s sales growth was not driven by technology but rather by misleading sales practices. Following the news, Clover common stock fell $ 1.72 per share, or over 12%, to close at $ 12.23 per share on February 4, 2021.

The following day, Clover filed a Form 8-K stating that for the period January 1, 2020 to date, the SEC was conducting an investigation and requesting the retention of documents and data related to certain matters related to the referenced in the EU [Hindenburg Research report]. ”

IMPORTANT DEADLINE: Investors who purchased Clover Securities during the Class Period can: no later than April 6, 2021try to be appointed as the plaintiff’s principal agent in the lawsuit. Clover investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact Kaskela Law LLC to discuss this opportunity to actively participate in the promotion.

Kaskela Law LLC only represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.

CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258-1585
(888) 715-1740
www.kaskelalaw.com
[email protected]