a ponoramic delineation of the AGILON CLASS ACTION LAWSUIT

If you suffered losses in agilon stock, contact Timothy L. Miles about an agilon class action lawsuit

INTRODUCTION TO THE AGILON CLASS ACTION LAWSUIT

Contact Timothy L. Miles for a free case evaluation in the aligon class action lawsuit

​The agilon class action lawsuit seeks to represent purchasers or acquirers of agilon health, inc. (NYSE: AGL) publicly traded securities between April 15, 2021 and February 27, 2024, inclusive, including purchases traceable to the April 2021 initial public offering of agilon stock (the “IPO”).  Captioned Indiana Public Retirement System v. agilon health, inc., No. 24-cv-02506 (S.D.N.Y.), the lawsuit charges agilon and certain of agilon’s top executives and directors, as well as certain underwriters of agilon’s IPO with violations of the Securities Act of 1933 and/or Securities Exchange Act of 1934.
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If you suffered losses in agilon stock during the Class Period and wish to serve as the lead plaintiff or have general questions about your rights as a shareholder, you can contact agilon​ stock loss lawyer Timothy L. Miles at no charge. He can be reached by calling 855/846-6529 or via e-mail at [email protected].  Lead plaintiff motions must be filed with the court no later than May 20, 2024.

In this panoramic delineation, we will discuss in detail everything a agilon shareholder needs know about the agilon class action lawsuit. ​If you have any further questions, do not hesitate to contact me at no charge via the phone or email as indicated above. I would be more than glad you answer your questions about the lawsuit or your rights as a shareholder. 

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THE ALLEGATIONS IN THE AGILON CLASS ACTION LAWSUIT

​The agilon class action lawsuit alleges that agilon health, inc., throughout the class period and in the IPO's offering documents, made false and/or misleading statements and failed to disclose crucial information to investors. The key allegations include:

1. Misrepresentation of business model: The lawsuit claims that agilon's business model, which purportedly focused on patient care rather than fee-for-service, was unable to provide the cost savings and mitigation of medical expenses as represented to investors.
2. Short-term effects of the COVID-19 pandemic: Agilon's purported historical cost savings, portrayed as the result of its business model, were actually short-term effects of the COVID-19 pandemic and not indicative of the cost controls and incentives inherent in agilon's business model.
3. Materially higher utilization and medical claims rates: Agilon suffered from a material, undisclosed risk of higher utilization and medical claims rates once the short-term effects of the COVID-19 pandemic waned, leading to an upsurge in patient demand for medical services above the historical rate portrayed in the IPO offering documents.
4. Adverse cost trends: Agilon's business model, focused on patient care, did not insulate the company from adverse cost trends. The lawsuit alleges that agilon experienced significantly higher costs in key areas such as specialist costs, outpatient surgeries, and Part B drugs compared to the previous year.
5. Excess costs and undisclosed claims: Agilon allegedly suffered tens of millions of dollars in excess costs related to patient supplemental benefits, core medical services, and prior year development claims, which were not disclosed to investors.
6. Inflated and misrepresented financial metrics: Agilon's historical medical margins and adjusted EBITDA were artificially inflated and materially misrepresented to investors, leading to unrealistic guidance for future financial performance.

THE STAGES OF THE AGILON CLASS ACTION LAWSUIT

​The agilon class action lawsuit will progress through several stages as it moves towards resolution. These stages typically include:

1. Consolidation of related cases and the appointment of a lead plaintiff.
2. Filing of a consolidated complaint by the lead plaintiff.
3. Defendants' motion to dismiss the complaint.
4. Class certification, determining if the criteria for class certification are met and if so, the lawsuit can proceed as a class action.
5. Discovery, where both parties exchange relevant documents and information.
6. Settlement talks and potential mediation.
7. Motions for summary judgment, seeking a resolution without trial.
8. Trial, where the court determines liability and damages if the case does not settle.
9. Possible appeal, which can extend the timeline of the lawsuit.

THE LEAD PLAINTIFF PROCESS IN THE AGILON CLASS ACTION LAWSUIT CLASS ACTION LAWSUIT

Call us to discuss the aligon class action lawsuit today if you suffered losses in aligon stock

The Private Securities Litigation Reform Act of 1995 (PSLRA) permits any investor who purchased and suffered losses in agilon​​ stock to seek appointment as lead plaintiff in the agilon class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. ​ A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

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THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE AGILON CLASS ACTION LAWSUIT

​Serving as lead plaintiff in the agilon class action lawsuit offers several benefits and advantages, including:

1. Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE AGILON CLASS ACTION LAWSUIT

​As the lead plaintiff, you have specific responsibilities to fulfill. These responsibilities include:

1. The authority to choose a law firm to represent the class and ensure they are diligently pursuing the case.
2. Carefully reviewing and providing input on court filings on behalf of the class.
3. Working closely with lead counsel to discuss and develop effective litigation strategies.
4. If necessary, you may need to attend depositions and hearings related to the case.
5. Participate in mediation or, if the case proceeds to trial, attend and participate in the trial proceedings.
6. Having a say in all negotiations related to any settlement. 

frequently asked questions

Can a Non-U.S. Investors Serve as Lead Plaintiffs in the Class Action Against agilon?

​Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in agilon​​ stock, they may move the Court to be appointed lead plaintiff in the class action against agilon. 

Can I Be Appointed Lead Plaintiff in the agilon Lawsuit if I Purchased Shares Outside of the Class Period?

No.  Even if you suffered losses in agilon​​​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the agilon lawsuit.

Will the Lead Plaintiffs Get More Money than Class Members if the agilon Class Action Lawsuit settles?

No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLRA, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the agilon class action lawsuit.

Can I Be the Lead Plaintiff in the agilon Class Action Lawsuit if I am the Lead Plaintiff in Another Case?

​​Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in agilon​ stock, you may move to be appointed lead plaintiff in the class action against agilon.

Can the Court Appoint More than One Lead Plaintiff in the agilon lawsuit?

​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the agilon class action lawsuit​.

Can I Sell My Stock and Still be a Member of the Class in the agilon lawsuit?

​​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the agilon class action lawsuit​​.

CONTACT AN AGILON​ STOCK LOSS LAWYER TODAY ABOUT AN AGILON CLASS ACTION LAWSUIT

If you suffered losses in agilon​ stock, contact agilon​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an agilon class action lawsuit.  The call is free and so is the fee unless we win or settle the case, so call today and see what an agilon stock loss lawyer could do for you. ​This will be the only call you need to make. (855) 846–6529 or [email protected]. ​​

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​​Email: [email protected]

agilon​ stock loss lawyer Timothy L. Miles
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Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorneyby Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone: (855) 846-6529
​Email: [email protected]
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