Class Actions Filed Against Major US Firms

Berger Montague PC has filed multiple securities class action lawsuits against Organon & Co., Elevance Health, Civitas Resources, and Compass Diversified Holdings after significant financial disclosures and related stock price declines. Organon is alleged to have misled investors regarding dividend priorities following its $1.2 billion Dermavant acquisition, resulting in a dividend reduction and 27% stock drop. Elevance Health is accused of understating the financial consequences of Medicaid redetermination, which led to increased healthcare utilization and a notable stock decline once revealed. Civitas Resources faces claims of failing to disclose production declines and job cuts after disappointing financial results caused its stock to fall and management to change. Compass Diversified Holdings admitted to accounting and inventory irregularities at its jewelry subsidiary Lugano Holdings, prompting a financial restatement and a 62% collapse in its stock price. Investors in these firms are urged to review their rights and consider seeking lead plaintiff status before approaching deadlines.