Investigation Overview
March 22, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Evolent Health Inc (NYSE:EVH) was announced over potential breaches of fiduciary duties by certain officers and directors at Evolent Health.
The investigation by a law firm concerns whether certain Evolent Health officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Evolent Health Inc reported that its annual Total Revenue declined from $100.89 million in 2014 to $96.88 million in 2015 while its Net Loss of $52.26 million in 2014 turned to a Net Income of $332.49 million in 2015.
Shares of Evolent Health Inc (NYSE:EVH) grew from $22.52 per share in August 2015 to as low as $8.14 per share on February 24, 2016.