You are here: Home » 2022 » June » Archives for 23rd

CORRECTION – Zoom Unveils Platform Evolution; Launches New Packaging and Translation Feature

  • Zoom One is a new offering that brings together options for persistent chat, phone, meetings, whiteboard, and more into a single, secure and scalable package
  • All–new translation feature allows meetings to be translated between English and any of the 10 languages, or from those languages into English

SAN JOSE, Calif., June 23, 2022 (GLOBE NEWSWIRE) —

Zoom Video Communications, Inc. (NASDAQ: ZM) is updating a press release issued on June 22, 2022 to clarify that Unlimited Regional Calling is an optional add–on feature for Zoom One Enterprise and Enterprise Plus customers. Complete corrected text follows.

Zoom Video Communications, Inc. (NASDAQ: ZM) today unveiled the latest evolution of its communications platform with the introduction of Zoom One, a new offering that brings together persistent chat, phone, meetings, whiteboard, and more into secure and scalable packages. Additionally, Zoom also launched an all new translated and multi–language captions feature.

"Simplicity is at the core of everything we do. As the Zoom platform has evolved from a meeting app to a comprehensive communications platform, it was clear that introducing new packaging like Zoom One was the next step in the company's evolution," said Greg Tomb, President, Zoom. "By bringing together chat, phone, meetings, whiteboard, and more in a single offering, we are able to offer our customers solutions that are simple to manage, so they can focus on business issues that matter most."

"Businesses continue to realize the time and cost saving a single provider can offer. According to Omdia's latest end user survey, 40% of organizations are prioritizing investments around eliminating multiple cloud–based UC solutions that may be deployed within their organizations," states Brent Kelly, Principal Analyst, Omdia Research. "The need to simplify business operations is a market trend that we see as being increasingly important, and Zoom One's tiered bundles and common management console aligns well to this customer demand.”

Zoom One's intuitive experience
Purpose–built to work together, Zoom One's intuitive experience offers customers the choice between six tiered offerings according to their business needs.

  • Zoom One Basic provides free 40–minute Zoom Meetings for up to 100 attendees, persistent Zoom Chat for team messaging, limited Zoom Whiteboard for synchronous and asynchronous work, and real–time transcription.
  • Zoom One Pro provides everything Zoom One Basic offers without Meeting time limits, plus cloud recording.
  • Zoom One Business provides everything Zoom One Pro offers, plus Zoom Meetings for up to 300 attendees and unlimited Zoom Whiteboards.
  • Zoom One Business Plus provides everything Zoom One Business offers, plus Zoom Phone Pro with unlimited regional calling and Zoom's all–new translation feature.
  • Zoom One Enterprise and Zoom One Enterprise Plus are similar to Zoom One Business, with larger meeting capacity and additional features, like Zoom Webinars, to help modern businesses scale. Unlimited Regional Calling is an optional add–on feature for Zoom One Enterprise and Enterprise Plus.

Zoom One Basic, Pro, Business and Business Plus plans are available for purchase online today. To purchase Zoom One Enterprise or Enterprise Plus, customers can speak to an account executive directly. For more information, visit https://zoom.us/pricing.

"If you provide a complete suite of reliable and easy–to–use communication tools that people can use to do their jobs, they are less likely to be using one–off solutions outside of our offerings "" which in turn simplifies our support and delivery model," said Rob Kerr, chief information officer at Cooley, a global law firm with 3,300 employees in 17 offices across the United States, Asia, and Europe. "Zoom's secure portfolio of unified video, chat, whiteboarding, and telephony solutions aligns our global teams and allows Cooley to better serve its clients."

For more information on the new, simplified offerings or to find the plan that is best suited for your business, visit the Zoom blog.

Introducing translated & multi–language captions
Launching first in Zoom One Business Plus and Zoom One Enterprise Plus packages, Zoom's translated captions will allow users to view captions translated into the language of their choice. At launch, translations will be available between English and 10 additional languages, or from any of the 10 languages to English. The ability to translate directly to and from English is known as bi–directional translation. Translated captions display at the base of the screen while in a Zoom Meeting.

The bi–directional translations are available in the following languages: Chinese (Simplified), Dutch, English, French, German, Italian, Japanese, Korean, Russian, Spanish, and Ukrainian.

To access the translated captions feature, Zoom One customers must upgrade to either the Zoom One Business Plus or Zoom One Enterprise Plus packages (in applicable countries).

Zoom also extended its automated captioning "" the ability to caption in real–time what a speaker is saying in the same language as the one spoken "" to include 10 additional languages. Automated captions previously were supported in English, but now can be displayed in the additional 10 languages referenced above. Multi–language automated captions are available in Business Plus, Enterprise, and Enterprise Plus packages with additional support for other plans coming soon.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Candace Dean
Corporate PR Lead
press@zoom.us


GLOBENEWSWIRE (Distribution ID 8578081)

Audax Private Equity Announces Strategic Growth Investment in BlueCat Networks

TORONTO, June 23, 2022 (GLOBE NEWSWIRE) — Audax Private Equity ("Audax") today announced it has entered into a definitive agreement to make a strategic growth investment in BlueCat Networks ("BlueCat" or the "Company"), a leading provider of mission–critical, infrastructure software. Financial terms of the transaction were not disclosed.

Founded in 2001, BlueCat is a leading provider of mission–critical, infrastructure software for network control, automation, and security. BlueCat's Adaptive DNS platform is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital–transformation initiatives, such as adoption of hybrid cloud, virtualization, and rapid–application development. Some of the largest global enterprises, including 30% of the Fortune 100, trust BlueCat to provide the foundation for digital–transformation strategies such as infrastructure and application modernization, and manage cybersecurity risk through protective DNS security.

"Since our founding more than two decades ago, BlueCat has strived to ensure reliable, secure, and rapid access from users and devices to clouds and applications "" making DNS an enabler of digital transformation and cloud adoption. This investment represents a significant milestone for our company, customers, employees, and all of our stakeholders, as we commence the next phase of our growth journey. Audax has a lengthy and reputable track record of successfully partnering and working collaboratively with software and technology companies in infrastructure and security, in particular by deploying its Buy & Build strategy to expand offerings and move into adjacent markets, and we look forward to benefiting from the firm's value–add resources," said Stephen Devito, Chief Executive Officer of BlueCat Networks.

"Having helped some of the biggest enterprises in the world overcome the compounding complexity in their networks, BlueCat possesses a high quality and innovative business model that is primed for both organic and inorganic growth," said Iveshu Bhatia, Managing Director at Audax. "Importantly, BlueCat is positioned well to capitalize on the growth in network complexity driven by device expansion, cloud adoption and security requirements with its existing customers, and accelerate new customer growth through additional investment in channel partnerships. We are thrilled to have the unique opportunity to work closely with Stephen and the entire BlueCat management team to help take BlueCat to the next level," said Timothy Mack, Managing Director at Audax.

Doug Grissom, Managing Director at MDP, said, "It has been a pleasure to work with Stephen and the entire BlueCat team and help them grow the business and extend BlueCat's leadership as the trusted partner for companies implementing digital–transformation initiatives. We are confident that BlueCat has a bright future ahead in partnership with Audax."

The transaction is anticipated to close in the third quarter of 2022 and is subject to certain closing conditions, including the waiting period required by the Hart–Scott–Rodino Act. Upon closing, Audax will own a controlling stake in BlueCat, with MDP fully realizing its investment in BlueCat.

William Blair and Nomura Securities International, Inc. are serving as financial advisors to BlueCat. Ropes & Gray is serving as legal counsel to Audax and Kirkland & Ellis is serving as legal counsel to BlueCat and MDP.

About BlueCat

BlueCat is the Adaptive DNS company. The company's mission is to help the world's largest organizations deliver reliable and secure network access from any location. To do this, BlueCat re–imagined DNS. The result "" Adaptive DNS "" is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital transformation initiatives, like adoption of hybrid cloud and rapid application development. The company is headquartered in Toronto and New York and has additional offices throughout the world, including Germany, the United Kingdom, Japan, and Singapore.

Learn more at bluecat.com.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in 150 platforms and over 1,100 add–on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add–on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

About Madison Dearborn Partners, LLC

Madison Dearborn Partners, LLC ("MDP") is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.


GLOBENEWSWIRE (Distribution ID 8577893)

FXCM wins Broker of The Year at Ultimate Fintech Awards 2022

DUBAI, United Arab Emirates, June 23, 2022 (GLOBE NEWSWIRE) — FXCM Group, LLC ("FXCM Group' or "FXCM'), a leading international provider of online foreign exchange trading, CFD trading and related services has won Broker of The Year at the Ultimate Fintech Awards 2022.

FXCM was named Broker of The Year for the second year in a row at the Ultimate Fintech Awards 2022, which were held in Cyprus from June 8–9 2022. The Ultimate Fintech Awards recognise and promote the best performing brands in the B2B and B2C online trading space.

FXCM has continually expanded its services throughout 2022, underlining its commitment to a "Client First, Trader Driven" approach. In addition to expanding its CFD offering with the doubling of its French, German and UK share offerings, the firm also launched Australian single share CFD trading with zero data fees and commissions* to level up the service provided to clients.

Brendan Callan, CEO of FXCM, said: "Winning the Broker of the Year at the Ultimate Fintech Awards 2022 is testament to the commitment and dedication of FXCM's global team in ensuring we maintain the highest standards and put our clients first. Over the past year, we've been relentless, constantly innovating and expanding our offering to meet the needs of our clients and we're delighted that our hard work is paying off."

This award win follows up on the numerous awards won by FXCM in the past year, including Best Retail Forex Broker in Europe at the Global Forex Awards 2022, Best Zero Commission Broker at ADVFN Awards 2022, Best Forex Trading Platform award at the 2021 Shares Awards, Most Transparent Forex Broker in Europe, Best Forex Trading Platform in Europe and Best Forex Mobile Trading Platform / App provider globally at the Global Forex Awards and Best FX Platform at the 2021 Online Personal Wealth Awards.

*Zero Commission: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark–up to rollover, etc. Commission–based pricing is applicable to Active Trader account types.

Third Party Links: Links to third–party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards, and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one–click order execution and trading from real–time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

66% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

73% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763. By trading, you could sustain a total loss of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business on www.fxcm.com/au.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

FXCM Markets Limited: Losses can exceed deposited funds. (www.fxcm.com/markets).

Media contact:
Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com


GLOBENEWSWIRE (Distribution ID 8577663)

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Teladoc Health, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – TDOC

NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Teladoc Health, Inc. (NYSE: TDOC) between October 28, 2021 and April 27, 2022, both dates inclusive (the "Class Period"), of the important August 5, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Teladoc Health securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Teladoc Health class action, go to https://rosenlegal.com/submit–form/?case_id=6818 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) increased competition, among other factors, was negatively impacting Teladoc Health's BetterHelp and chronic care businesses; (2) accordingly, the growth of those businesses was less sustainable than defendants had led investors to believe; (3) as a result, Teladoc Health's revenue and adjusted EBITDA projections for its fiscal year 2022 were unrealistic; (4) as a result of all the foregoing, Teladoc Health would be forced to recognize a significant non–cash goodwill impairment charge; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Teladoc Health class action, go to https://rosenlegal.com/submit–form/?case_id=6818 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8577053)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Unilever PLC Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – UL

NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Unilever PLC (NYSE: UL) between September 2, 2020 and July 21, 2021, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than August 15, 2022.

SO WHAT: If you purchased Unilever securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Unilever class action, go to https://rosenlegal.com/submit–form/?case_id=7063 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that in July 2020, Ben & Jerry's board passed a resolution to end sales of its ice cream in "Occupied Palestinian Territory" as well as the risks attendant to the board's decision. Additionally, Unilever's s description of its legal risks was materially false and misleading because Unilever acknowledged that complying with all applicable laws and regulations was important but omitted discussing Ben & Jerry's boycott decision, which risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states ("Anti–BDS Legislation").

On July 19, 2021, Unilever and its hand–picked Ben & Jerry's CEO, finally "operationalized" the Ben & Jerry's board's resolution to boycott. Ben & Jerry's announced on its website and through its Twitter account that, upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades, Ben & Jerry's would end sales of its ice cream in "Occupied Palestinian Territory" but Ben & Jerry's would purportedly continue to sell its products in Israel.

Ultimately, the states of New York, New Jersey, Florida, Texas, Illinois, Colorado, and Arizona announced decisions to divest their pension fund investments in Unilever due to violations of their Anti–BDS Legislation.

When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Unilever class action, go to https://rosenlegal.com/submit–form/?case_id=7063 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8577031)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Oscar Health, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – OSCR

NEW YORK, June 22, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Oscar Health, Inc. (NYSE: OSCR) pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"), of the important July 11, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Oscar securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Oscar class action, go to https://rosenlegal.com/submit–form/?case_id=6200 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was materially false and misleading and omitted to state that: (1) Oscar was experiencing growing COVID–19 testing and treatment costs; (2) Oscar was experiencing growing net COVID–19 costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant Special Enrollment Period (SEP) membership growth; and (5) as a result of the foregoing, defendants' positive statements about Oscar's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Oscar class action, go to https://rosenlegal.com/submit–form/?case_id=6200 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8577071)