Clover Health Investments Reaches Agreement In Principle To Resolve Seven Derivative Lawsuits Pending In Delaware, New York, And Tennessee Courts; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Clover Health Investments has reached an agreement in principle to resolve seven derivative lawsuits pending in Delaware, New York, and Tennessee courts. The terms of the settlement have not been disclosed.
June 22, 2023 | 8:11 pm
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Clover Health Investments ($CLOV) has reached an agreement to resolve seven derivative lawsuits, potentially reducing legal risks for the company.
The agreement in principle to resolve the derivative lawsuits is a positive development for Clover Health Investments, as it reduces the legal risks and uncertainties associated with these cases. This could potentially have a positive impact on the company's stock price in the short term.
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