Should investors be concerned about Clover Health’s collective actions?

Should investors be concerned about Clover Health’s collective actions?

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Keith Speights: You and I have talked about Clover Health in the past, and my take on it is just to reserve judgment. Let’s wait and see what happens. I’m like you, I’m not as worried about the class action lawsuit. We’ll see what the government comes out with. I just don’t think it’ll be anything that seriously hurts Clover Health. They could get dinged, they could get their hand slapped, but I think the company will rock on.

Source I’m a shareholder of Clover, I’m not particularly worried about the class action lawsuit. The results of the investigation by the government are going to be what they are, and it shouldn’t matter too much about the class action lawsuits by the shareholders.

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