Glancy Prongay & Murray LLP, a National Class Action Law Firm, Continues Investigation of InnovAge Holding Corp. (INNV) on Behalf of Investors - Yahoo Finance
LOS ANGELES, September 24, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a national investor rights law firm, continues its investigation on behalf of InnovAge Holding Corp. ("InnovAge" or the "Company") (NASDAQ: INNV) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your InnovAge investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/innovage-holding-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On September 21, 2021, after the market closed, InnovAge revealed that the Centers for Medicare and Medicaid Services ("CMS") had "determined to freeze new enrollments at [the Company’s] Sacramento center based on deficiencies detected in [a recent] audit." The Company stated that these "deficiencies relate to failures to provide covered services, provide accessible and adequate services, manage participants’ medical situations, and oversee use of specialists, among others."
On this news, the Company’s stock price fell $2.90, or nearly 25%, to close at $8.75 per share on September 22, 2021, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding InnovAge should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-national-210700257.html
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