agilon health officials and directors under investigation by Kahn Swick & Foti, LLC, the former Louisiana Attorney General, who is continuing the investigation into their conduct.
Agilon Health, a publicly traded healthcare company with the ticker symbol AGL, has found itself under investigation following a series of financial setbacks.
The investigation, led by Kahn Swick & Foti, LLC (KSF), is focusing on whether the company's officers and/or directors breached their fiduciary duties to its shareholders or violated state or federal laws. This comes after Agilon lowered its 2023 Medical Margin expectation to '$340 million to $360 million' due to higher-than-expected medical costs.
In a securities class action lawsuit, Agilon and certain of its executives have been named as defendants. The court has denied Agilon's motion to dismiss the case in part, allowing it to continue. However, it's important to note that the lawsuit has not been approved by a court because the court found insufficient grounds or evidence to proceed with the case at this time.
KSF is a renowned law firm known for seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. The firm serves a variety of clients, including public and private institutional investors, and retail investors. KSF's Managing Partner is Lewis Kahn.
Shareholders who have concerns about their legal rights regarding Agilon can contact KSF toll-free at 1-833-938-0905 or email Lewis Kahn at [email protected]. KSF can also be reached via Facebook, Instagram, YouTube, TikTok, and LinkedIn. Their office is located at 1100 Poydras St., Suite 960, New Orleans, LA 70163.
For more information about the investigation, visit https://www.ksfcounsel.com/cases/nyse-agl/ It's worth noting that Agilon's Chief Financial Officer, Timothy Bensley, retired and was replaced later in the year.
KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. The firm was ranked by SCAS among the top 10 firms nationally based upon total settlement value. For more information about KSF, visit www.ksfcounsel.com.
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