Cano Health, Inc. Investors: Company Investigated by Portnoy Law Firm


Investors can contact the toll-free law firm to learn more about recovering their losses

LOS ANGELES, March 08, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors of Cano Health, Inc. (“Cano Health” or the “Company”) (NYSE: CANO) that the firm is investigating possible securities fraud and may file an appeal. collective on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.

On February 28, 2021, Cano Health disclosed that “The Company and its independent auditor, Ernst & Young LLP, have identified certain potential non-cash adjustments to reflect revenue recognition under ASC 606 accounting standard. The adjustments relate to how and when the company recognizes revenue related to Medicare risk adjustments”. The company said that “it will delay the release of its fourth quarter and full year 2021 results, conference call and guidance updates for 2022, previously scheduled for Monday, February 28, 2022.”

Following this news, Cano Health stock fell $0.32, or 6.2%, to close at $4.87 per share on February 28, 2022.

Please visit our website to view more information and submit your transaction information.

Portnoy Law Firm represents investors in the prosecution of claims caused by corporate wrongdoing. The company’s founding partner has recovered more than $5.5 billion for harmed investors. Lawyer advertisement. Prior results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Admitted to the CA and NY Bar
[email protected]

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