LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CVS Health Corporation (“CVS” or “the Company”) (NYSE: CVS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. CVS failed to properly forecast medical cost trends and health care utilization rates. The Company was forced to incur material costs due to its ineffective forecasts. The Company overstated the profitability of its Health Care Benefits division. Despite its assurances, the Company’s profits from other business segments were not sufficient to cover the increasing expenses incurred by the Health Care Benefits segment. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CVS, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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