◆ NeutralALHC

Securities Fraud Investigation Into Alignment Healthcare, Inc. (ALHC) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

GlobeNewswire Inc.·
Securities Fraud Investigation Into Alignment Healthcare, Inc. (ALHC) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

A whistleblower lawsuit alleges that Alignment Healthcare manipulated its finances by misclassifying $8-10 million in operating expenses as capital expenditures to artificially inflate adjusted EBITDA and report false positive earnings. The stock fell 16.7% on the news, injuring investors.

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