NEW YORK–(BUSINESS WIRE) – Scott + Scott Attorneys at Law LLP (“Scott + Scott”), a global shareholder and consumer rights law firm, is investigating whether Oscar Health, Inc. (“Oscar Health” or the “Company”) (NYSE: OSCR ) and some of its officers and directors have violated US securities laws. If you have bought or otherwise owns Oscar Health stock and suffered a loss, please contact Jonathan Zimmerman at (888) 398-9312 for more information.
Oscar Health claims to be the first health insurance company based on a full-stack technology platform.
On or about March 3, 2021, Oscar Health went public and issued over 37 million Class A common shares at $ 39 per share (the “Offer Price”) for gross proceeds of more than $ 1.44 billion Dollar.
On May 28, 2021, Oscar Health released its financial results for the first quarter of 2021, which revealed a loss of $ 87.4 million, well below analysts’ expectations. As a result of this news, the company’s share price fell to close at $ 20.51 per share, or over 47% below the offering price.
What you can do
If you have purchased or otherwise owns Oscar Health stock and would like to discuss this investigation, please contact Attorney Jonathan Zimmerman at (888) 398-9312 or firstname.lastname@example.org, or visit Oscar Health’s investigation page at our website at https://scott-scott.com/investigation/oscar-health-inc/.
About Scott + Scott Lawyers LLP
Scott + Scott has extensive experience pursuing major securities, antitrust, and employee retirement plans in the United States. The firm represents pension funds, foundations, individuals and other companies worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia and Ohio.