NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) —

Oscar Health, Inc. OSCR

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Oscar Health shareholders alleging that during the Company’s IPO, the defendants authorized a materially false and misleading registration statement that failed to disclose: (i) that Oscar undergoing increasing COVID-19 testing and treatment costs; (ii) that Oscar recorded increasing net COVID expenses; (iii) that Oscar would be adversely affected by an unfavorable Risk Adjustment Data Validation (RADV) result in the previous year with respect to 2019 and 2020; (iv) that Oscar was on course to be adversely affected by the SEP’s substantial membership growth; and (v) that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis.

If you are an investor in Oscar Health and would like more information about our research, please fill out Information Request Form or contact Joshua Lifshitz, Esq. by phone at (516) 493-9780 or by email info@jlclasslaw.com.

Upstart Holdings, Inc. UPST

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Upstart shareholders alleging that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects . Specifically, Defendants failed to disclose to investors: (i) that Upstart’s AI model failed to adequately account for macroeconomic factors, such as interest rates, affecting the market clearing price of loans; (ii) that Upstart had an adverse impact on its conversion rate as a result; (iii) that, as a result, the Company would be reasonably likely to use its balance sheet to fund borrowings; and (iv) that as a result of the foregoing, Defendants’ positive statements about the business, operations and…