Class Action Lawsuits Commenced Against Sprout Social, Inari Medical, UnitedHealth Group, and Vestis Corporation

Bragar Eagel & Squire, P.C., a shareholder rights law firm, has announced the commencement of class action lawsuits on behalf of stockholders of Sprout Social, Inc., Inari Medical, Inc., UnitedHealth Group Incorporated, and Vestis Corporation. The lawsuits have been initiated due to alleged violations of securities laws by these companies.

Sprout Social, Inc. is facing a class action lawsuit after it announced on May 2, 2024, that it had missed its revenue guidance for the first fiscal quarter of 2024. The company’s stock price fell significantly following this announcement. The lawsuit alleges that Sprout Social made materially false and misleading statements about its business and prospects.

Inari Medical, Inc. is also facing a class action lawsuit. The lawsuit alleges that the company engaged in illegal business practices by improperly compensating medical professionals for using its products. The market reacted negatively when Inari revealed that it had received a civil investigative demand from the U.S. Department of Justice, leading to a significant decline in its stock price.

UnitedHealth Group Incorporated is the subject of a class action lawsuit related to its acquisition of Change Healthcare. The lawsuit alleges that UnitedHealth misled investors about its compliance with antitrust laws and its ability to prevent the sharing of customer sensitive information between its various segments.

Vestis Corporation, a provider of uniforms and workplace supplies, is facing a class action lawsuit following its announcement of financial results for the second quarter of fiscal year 2024. The lawsuit alleges that Vestis made materially false and misleading statements about its business and operations, leading to a significant decline in its stock price.

Investors who purchased shares of these companies during the specified class periods have until the respective deadlines to petition the court to serve as lead plaintiff in the class action lawsuits.

Bragar Eagel & Squire, P.C. is a nationally recognized law firm representing individual and institutional investors in complex litigation. The firm has offices in New York, California, and South Carolina.

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