Ticker: OSCR

Registration Deadline: 07/11/2022

A federal securities class action lawsuit has been filed in USDC, S.D.N.Y., on behalf of all persons and entities that purchased or otherwise acquired Oscar Health, Inc. (“Oscar” or the “Company”), Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s March 2021 initial public offering (“IPO” or the “Offering”). The action seeks to recover damages for Oscar investors under the federal securities laws.

The Complaint alleges that the Registration Statement was materially false and misleading and omitted to state:

  • that Oscar was experiencing growing COVID-19 testing and treatment costs;
  • that Oscar was experiencing growing net COVID costs;
  • that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020;
  • that Oscar was on track to be negatively impacted by significant SEP membership growth; and
  • that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Purchases

Sales

Please Note

Neither the submission to nor the receipt of information by Lowey Dannenberg or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* Indicates a required field.

Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.