Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, July 07, 2025 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Elevance Health, Inc. (“Elevance” or the “Company”) (NYSE: ELV) investors of a class action representing investors that bought securities between April 18, 2024 and October 16, 2024, inclusive (the “Class Period”). Elevance investors have until July 11, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint alleges that during the Class Period, as the Medicaid redetermination process neared completion, Defendants told investors they were closely monitoring related cost trends and that the premium rates Elevance was negotiating with states adequately reflected the risk and cost profiles of Medicaid members who remained in the program. While Defendants acknowledged rising Medicaid expenses, they repeatedly assured investors that these increases were accounted for in the Company’s 2024 financial guidance. The complaint claims these statements were materially false or misleading. In reality, the redetermination process led to a significant increase in the acuity and utilization of Elevance’s Medicaid population, as healthier individuals were more likely to be removed from the program, leaving behind a higher-risk pool. This shift, the complaint alleges, was not properly reflected in Elevance’s rate negotiations or financial projections for 2024.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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