A securities class action has been filed in the USDC – C.D.CA. against Sharecare, Inc. (SHCR) (“Sharecare” or the “Company”), on behalf of all persons and entities that who purchased or otherwise acquired Sharecare securities between May 10, 2023 and March 28, 2024, both dates inclusive (the “Class Period”).

“Sharecare, Inc. (“Sharecare” or the “Company”) was founded in 2009 to develop an interactive health and wellness platform and began operations in October 2010. Sharecare’s virtual health platform is designed to help people, patients, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving positive behavior change. The platform is designed to connect each stakeholder to the health management tools they need to drive engagement, establish sustained participation, increase satisfaction, reduce costs, and improve outcomes. [. . .]”

The complaint alleges, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

(1) Sharecare lacked adequate internal controls and;

(2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased Sharecare securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.