Claritev Says Not Informed by DOJ That Company is Under Investigation

MT Newswires Live05-19

Claritev (CTEV) said Monday it has not been informed by the Department of Justice that Claritev is the target of an investigation, in response to a Thursday media article stating that the DOJ has launched a criminal probe into the company.

In August 2024, Claritev received a confidential grand jury subpoena issued by DOJ's Antitrust Division regarding an investigation about health insurance and has been cooperating fully with the DOJ, the company said in a filing with the US Securities and Exchange Commission.

Shares of the company were up 18% in Monday trading.

Price: 17.00, Change: +3.13, Percent Change: +22.53

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment