Los Angeles, Calif.–(Newsfile Corp. – April 26, 2022) – Schall law firma national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cano Health, Inc. f/k/a Jaws Acquisition Corp. (“Cano” or “the Company”) CANO for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between May 18, 2020 and February 25, 2022 inclusive (the “Class Period”) are invited to contact the Company before May 17, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of 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 via the firm’s website at www.schallfirm.comor by e-mail to [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Cano overstated his expertise in performing due diligence and acquiring target companies. The company failed to exercise due diligence as to its ability, after the business combination, to reflect the timing of revenue recognition as required by ASC 606. The company misrepresented its capitation revenues, direct patient expenses, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued liabilities. 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 Cano, investors suffered damage.
Join the file to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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