Gross Law Firm Announces Class Action Lawsuits on Behalf of BHG, EDU and ASTR Shareholders

NEW YORK, NY/ACCESSWIRE/February 23, 2022/ Securities litigation law firm The Gross Law Firm is issuing the following notice on behalf of the shareholders of the following publicly traded companies. Shareholders who purchased shares in the following companies on the dates indicated are encouraged to contact the company regarding a possible appointment of the lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.

Bright Health Group, Inc. (NYSE: BHG)

This lawsuit is on behalf of all persons and entities other than defendants who have purchased or otherwise acquired: (a) shares of Bright Health common stock pursuant to and/or traceable to documents issued in connection with the public offering the company’s initial transaction made on or around June 24, 2021; and/or (b) Bright Health securities between June 24, 2021 and November 10, 2021.

A class action lawsuit has been filed on behalf of certain shareholders of Bright Health Group, Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Bright Health had exaggerated its post-IPO business and financial outlook; (ii) the Company was ill-equipped to manage the impact of costs related to COVID-19; (iii) the Company was experiencing a decline in premium income due to an inability to capture the risk adjustment on newly added lives; (iv) any of the foregoing was reasonably likely to have a material adverse impact on Bright Health’s business and financial condition; and (v) as a result, the documents issued in connection with the IPO and the public statements of the defendants throughout the class period were materially false and/or misleading and did not contain the information that should have been included therein. .

Shareholders can find more information at https://securitiesclasslaw.com/securities/bright-health-group-inc-loss-submission-form/?id=23989&from=1

New Oriental Education & Technology Group Inc. (NYSE:EDU)

Investors concerned: April 24, 2018 – July 22, 2021

A class action lawsuit has been filed on behalf of certain shareholders of New Oriental Education & Technology Group Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the revenues and operational growth of New Oriental was the result of deceptive marketing tactics and abusive business practices that flouted Chinese regulations and policies and placed the Company at extreme risk of more drastic measures being imposed on the Company; (b) New Oriental had engaged in deceptive and fraudulent advertising practices, including providing false and misleading discount information designed to conceal the true cost of the Company’s programs from its customers; (c) New Oriental falsified teachers’ qualifications and experience in order to attract clients and increase student enrollment; (d) New Oriental had defied previous government warnings against linking school enrollment to the provision of private tutoring services; (e) as a result of the foregoing, New Oriental was subject to an undisclosed tail risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the business and interests of the Company; and (f) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and lacked reasonable and factual basis.

Shareholders can find more information at https://securitiesclasslaw.com/securities/new-oriental-education-technology-group-inc-loss-submission-form/?id=23989&from=1

Astra Space Inc. f/k/a Holicity Inc. (NASDAQ: ASTR)

Investors concerned: February 2, 2021 – December 29, 2021

A class action lawsuit has been filed on behalf of certain shareholders of Astra Space Inc f/k/a Holicité Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Astra cannot launch “everywhere”; (2) Astra significantly overestimated its addressable market; (3) Astra overstated its design efficiency and reliability; (4) Astra significantly overstated its diversification plans and its broadband constellation plan; and (5) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

Shareholders can find more information at https://securitiesclasslaw.com/securities/astra-space-inc-fka-holicity-inc-loss-submission-form/?id=23989&from=1

Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:
The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770

THE SOURCE: The Raw Law Firm

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