Lost money in Alignment Healthcare, Inc. stock? Your loss may matter more than you think.
Block & Leviton is investigating whether Alignment Healthcare, Inc. (ALHC) misled investors. No case has been filed yet — which is exactly why investors who step forward now matter. Your information helps determine whether a case should be brought.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Status
- Active investigation
- No case has been filed yet
- If a case is filed
- 60 days to move for lead plaintiff
- The complaint defines the class period
What happened to ALHC
What we're investigating
Block & Leviton is investigating whether Alignment Healthcare, Inc. (NASDAQ: ALHC) and certain of its officers and directors violated the federal securities laws. Alignment operates Medicare Advantage health plans, and its financial results depend in significant part on the quality bonus payments that the Centers for Medicare & Medicaid Services (“CMS”) makes to plans rated 4 stars or higher. Throughout 2026, Alignment told investors that 100% of its health plan members were enrolled in plans rated 4 stars or above and that its California HMO plan had achieved a 4-star or greater rating for nine consecutive years. On October 8, 2026, after the market closed, CMS released its 2027 Star Ratings, and Alignment disclosed that its California HMO contract (H3815), which serves approximately 75% of its health plan membership, had dropped from 4.0 to 3.5 stars, making it ineligible for quality bonus payments in fiscal year 2028. The Company stated that the decline was driven primarily by higher industry cut points and a decline in certain triple-weighted measures across the Health Outcomes Survey and Part D. On this news, Alignment shares fell more than 20% in after-hours and premarket trading. The investigation concerns, among other things, whether the Company’s public statements accurately conveyed the risk to its California HMO’s star rating in light of the plan’s performance during the measurement period that determined the 2027 rating. If you purchased or acquired Alignment securities, you may have legal rights.
No case has been filed, and no court has made any finding. If our investigation supports claims on behalf of investors, we will act.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
Block & Leviton is run by the partners whose names are on the door — and our clients deal with them directly, whatever the size of the loss. That's the point of staying small.
A dismissed case turned into a $150 million record.* A recovery from a company that went bankrupt. We build cases to go the distance — not to settle cheap.
* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jeffrey Block
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
No case has been filed — why submit now?
A case can only be brought if investors step forward. Your losses — whatever their size — help determine whether a case should be filed at all, and early registrants are evaluated first. If a case is filed, we'll notify you and explain what it means for you.
What happens if a case is filed?
The complaint will define a class period and the court will set a deadline for investors to seek appointment as lead plaintiff. We'll notify you, explain whether you appear to be covered, and walk you through your options — including whether a larger role makes sense for you.
What if you decide not to file?
We decline most of the matters we investigate — that selectivity is deliberate. If we determine a case isn't warranted, we'll tell you, and your information stays confidential either way.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
Attorney advertising. Prior results do not guarantee a similar outcome. Block & Leviton LLP is responsible for the content of this page. Submitting information through this page does not create an attorney-client relationship.