BHG EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Class Action Lawsuit Against Bright Health Group, Inc. – BHG

NEW YORK–(BUSINESS WIRE) – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of buyers of the securities of Bright Health Group, Inc. (NYSE: BHG): (i) pursuant to and / or traceable to the Registration Statement and Prospectus (collectively the “Registration Statement”) issued in connection with the Company’s initial public offering on June 24, 2021 (the “IPO”); and / or (ii) between June 24, 2021 and November 10, 2021, inclusive (the “Class Period”). The lawsuit seeks to seek damages for Bright Health investors under federal securities laws. If you want to stand as the lead plaintiff, you must postpone the court no later than March 7, 2022.

SO WHAT: If you acquired Bright Health securities during the class action period, you may be entitled to compensation without any out-of-pocket expenses or cost under a contingency fee arrangement.

WHAT TO DO NEXT: To participate in the Bright Health fundraiser, visit http://www.rosenlegal.com/cases-register-2236.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. If you want to serve as the lead plaintiff, you must call the court no later than March 7, 2022. A lead plaintiff is a representative party who acts on behalf of other class members in conducting the dispute.

WHY ROSEN LAW: We encourage investors to select skilled lawyers with a track record in leadership roles. Firms issuing notices often do not have comparable experience, resources or meaningful recognition from colleagues. Many of these firms do not have class action lawsuits. Be wise in choosing the advisor. Rosen law firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives lawsuits. Rosen Law Firm has filed the largest class-action securities lawsuit ever against a Chinese company. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for a series of securities class action settlements in 2017. The law firm has been ranked in the top 4 every year since 2013 and has reclaimed hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The complaint alleges that the offer documents were created negligently and, as a result, contained false statements of material facts or failed to state other facts that are necessary in order not to make the information provided misleading and not in accordance with the Rules have been drawn up and rules for their production. Additionally, throughout the class action period, defendants have made essentially false and misleading statements regarding the company’s business, operations, and compliance policies. In particular, the Offer Documents and Defendants made false and / or misleading statements and / or did not disclose that: (1) Bright Health overestimated its business and financial prospects after the IPO; (2) Bright Health was ill-equipped to deal with the impact of COVID-19-related costs; (3) Bright Health saw a decrease in premium income because the risk adjustment for new lives was not recorded; (4) it was reasonably likely that all of the foregoing would have a material adverse effect on Bright Health’s business and financial condition; and (5) as a result, defendants’ offer documents and public statements during the class action period were materially inaccurate and / or misleading and did not contain any information required to be disclosed therein.

To participate in the Bright Health fundraiser, visit http://www.rosenlegal.com/cases-register-2236.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action.

No class has been certified. Until a class is certified, you will not be represented by an attorney unless you keep one. You can choose an advisor of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to partake in any future repayment does not depend on their being the lead plaintiff.

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