Bronstein, Gewirtz & Grossman Files Multiple Federal Securities Class Actions

Bronstein, Gewirtz & Grossman, LLC has announced multiple class action lawsuits against several publicly traded companies and their officers for alleged violations of federal securities laws. Lawsuits have been filed against Elevance Health, Inc., Avis Budget Group, Inc., Civitas Resources, Inc., Bitfarms Ltd., and Cerevel Therapeutics Holdings, Inc., each alleging that the defendants made materially false or misleading statements about their financial conditions, business operations, or prospects. The Elevance Health lawsuit centers on inaccurate guidance regarding Medicaid redetermination impacts and rising costs. Avis Budget is accused of failing to disclose an accelerated fleet rotation plan that led to significant impairment charges. Civitas Resources faces claims of overstating production prospects and financial health, while Bitfarms is alleged to have misstated financial reporting and internal controls. The Cerevel lawsuit involves allegations of withholding material information about a merger with AbbVie, resulting in artificially depressed stock prices. Investors who purchased or sold shares during specified periods are encouraged to join these lawsuits to seek damages.