The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action and Motion for Attorneys’ Fees and Expenses. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This website relates to a proposed Settlement of a class action lawsuit brought by Reginald T. Allison (“Plaintiffs”), alleging that Oak Street Health, Inc., et al. (“Defendants”) violated of §§11, 12, and 15 of the Securities Act of 1933 (“Securities Act”) and §§10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”), and SEC Rule 10b-5 promulgated thereunder by making false and misleading statements and omissions to investors concerning certain of Oak Street Health’s patient acquisition tactics including paying for referrals and marketing free transportation to prospective patients.

The Parties have agreed to a settlement of $60,000,000 in cash (the “Settlement Amount”). Your recovery will depend on the number of shares of Oak Street Health common stock you purchased/acquired from August 6, 2020 through November 8, 2021, both dates inclusive, the timing of your purchases and any sales, and whether you bought in the IPO, the December SPO, or the February SPO. The actual amount per share that you could receive will depend on a number of factors, which are explained in the Plan of Allocation below on pages 8 through 15 of the Notice.

If you are a member of the Class, you are subject to the Settlement. The Class consists of:

All persons and entities who or which purchased or otherwise acquired the publicly traded common stock of Oak Street Health during the period from August 6, 2020 through November 8, 2021, both dates inclusive (the Class Period), including those who purchased shares of Oak Street Health common stock pursuant to or traceable to the registration statements and prospectuses issued in connection with Oak Street Health’s initial public offering on August 6, 2020, its December 2, 2020 secondary public offering, and its February 10, 2021 secondary public offering, and were allegedly damaged thereby.

Excluded from the Settlement Class are: (i) Defendants; (ii) members of the immediate family of any Defendant who is an individual; (iii) any person who was an officer or director of Oak Street Health, GA, Newlight, or Humana, Inc. during the Class Period; (iv) any firm, trust, corporation, or other entity in which any Defendant has or had a controlling interest; (v) Oak Street Health’s employee retirement and employee benefit plan(s); (vi) Humana, Inc.; (vii) the legal representatives, affiliates, heirs, successors-in-interest, or assigns of any excluded person; and (viii) any persons or entities who or which exclude themselves by submitting a timely and valid request for exclusion that is accepted by the Court.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu at the top of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by filling out the Email Us section in the Contact Us page which can be found in the menu at the top of this page or calling toll-free 877-753-2587 or emailing info@OakStreetHealthSecuritiesSettlement.com or mailing a letter to:

Oak Street Health Securities Settlement
c/o JND Legal Administration 
PO Box 91060
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.