AGILON HEALTH SHAREHOLDER WARNING BY FORMER LOUISIANA

NEW ORLEANS, April 23, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they May 20, 2024 to file lead plaintiff motions in class action lawsuits against agilon health, inc. (“agilon” or the “Company”) (NYSE: AGL), if they: i) purchased or otherwise acquired the Company’s shares between April 15, 2021 and February 27, 2024 (the “Class Period”), and/ or ii ) purchased or otherwise acquired the shares of the Company pursuant to or traceable to the Company’s initial public offering in April 2021 (“IPO”), and/or iii) purchased or otherwise acquired the shares of the Company on pursuant to or traceable to the Company’s secondary public offering in May 2023 (“SPO”). These lawsuits are pending in the U.S. District Courts for the Western District of Texas and the Southern District of New York.

What you are allowed to do

If you have purchased or otherwise acquired Agilon shares as above and would like to discuss your legal rights and how these cases may affect you and your right to compensation for your economic damages, you can, without any obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-agl/ For more information. If you wish to serve as lead plaintiff in the class actions, you must file a petition with the court May 20, 2024.

About the lawsuits

Agilon and certain of its executives are accused of failing to disclose material information during the Class Period, thereby violating the federal securities laws.

On January 5, 2024, the company announced that it was lowering its 2023 earnings forecasts, specifically lowering its 2023 medical margin guidance to “$340 million to $360 million, approximately $110 million below previous guidance… due to $90 million in higher expectations. than expected medical costs” and that Chief Financial Officer Timothy Bensley would retire and be replaced later in the year.

On this news, Agilon’s stock price fell $3.45, or 28.6%, to close at $8.63 on January 5, 2024.

The first case filed is New England Teamsters Pension Fund v. Agilon Health, Inc., 24-cv-00297. A second case, Hope v. Agilon Health, Inc., 24-cv-00305, extended the class period. A third case, Indiana Public Retirement System v. Agilon Health, Inc., 24-cv-2506, extended the class period and class definition.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – seeking recovery for investment losses arising from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

For more information about KSF, please visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163