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Clover Health to settle remaining shareholder fraud cases

Appeal sought in landmark UnitedHealth class-action case

Clover Health has settled the last seven lawsuits alleging the Medicare Advantage insurer duped shareholders by concealing it was the subject of a federal fraud investigation ahead of its initial public offering.

The startup did not disclose what it agreed to pay plaintiffs in the civil lawsuits filed in federal courts in Delaware and Tennessee and state courts in Delaware and New York. The proposed settlement agreements require Clover…


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