NYSE: HUM Lawsuit against Directors filed - Investors in shares of Humana Inc. (NYSE: HUM) should contact the Shareholders Foundation

PRNewswire 3-Oct-2024 5:14 PM

SAN DIEGO, Oct. 3, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by a NYSE: HUM investor against certain directors of Humana Inc.

Investors who purchased shares of Humana Inc. (NYSE:HUM) prior to August 2022 and continue to hold any of those NYSE: HUM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In June 2024 an investor in NYSE: HUM shares filed a lawsuit over alleged securities laws violations by Humana Inc. The plaintiff alleged that the defendants continued to assure investors—and analysts who repeatedly inquired about potential pent-up demand for healthcare services that built-up under COVID restrictions—that "in-patient unit costs and non-in-patient trends [were] coming in lower than [the Company] initially estimated" and that" there really isn't pent-up demand that [the Company has] to be concerned about" negatively impacting utilization rates and profitability, and that Humana made several additional disclosures about its profitability and financial condition, however, Defendants continued to downplay pressures on the Company's adjusted EPS resulting from increased medical costs associated with pent-up demand for healthcare procedures (especially as COVID concerns abated) which, contrary to the Company's assurances, resulted in increased utilization rates and costs. 

Then in July 2024 an investor in NYSE: HUM filed a lawsuit against certain directors and officers of Humana Inc over alleged breaches of fiduciary duties.

Those who purchased shares of Humana Inc. (NYSE:HUM) should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

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SOURCE Shareholders Foundation, Inc.