New York, NY — Levi & Korsinsky, LLP has initiated a lawsuit on behalf of investors who suffered losses due to alleged securities fraud by Humana between July 27, 2022, and January 24, 2024. The firm is seeking to recover damages for those affected during this period.
The lawsuit claims that Humana’s leadership made false or misleading statements, particularly downplaying the impact of increased medical costs on the company’s adjusted earnings per share. These costs were associated with pent-up demand for healthcare procedures, which resulted in higher utilization rates and expenses than the company had previously assured.
Investors who experienced financial losses during the specified time frame have until August 2 to petition the court for lead plaintiff status in the case. It is not necessary to serve as a lead plaintiff to participate in any potential recovery.
Levi & Korsinsky, a firm known for its success in securities litigation, offers representation without any out-of-pocket costs or fees. The firm has a strong track record of securing substantial settlements for shareholders and is recognized as one of the top securities litigation firms in the United States.
For more information, investors can contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by phone at (212) 363-7500.