An investigation on behalf of current long term investors in Cano Health, Inc. (NYSE:CANO) shares over possible breaches of fiduciary duty by certain officers and directors was announced

San Diego, CA -- (SBWire) -- 08/12/2022 --An investigation was announced for long-term investors in shares of Cano Health, Inc. (NYSE: CANO) concerning potential breaches of fiduciary duties by certain directors of Cano Health, Inc.

Investors who are current long term investors in Cano Health, Inc. (NYSE: CANO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: CANO stocks follows a lawsuit filed against Cano Health, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CANO stocks, concerns whether certain Cano Health directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Cano Health, Inc. overstated its due diligence efforts and expertise with respect to acquiring target businesses, that accordingly, Cano performed inadequate due diligence into whether the Company, post-Business Combination, could properly account for the timing of revenue recognition as prescribed by ASC 606, particularly with respect to Medicare risk adjustments, that as a result, the Company misstated its capitated revenue, direct patient expense, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued expenses, that accordingly, the Company was at an increased risk of failing to timely file one or more of its periodic financial reports, and that as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Cano Health, Inc. (NYSE: CANO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.