The law firm of Kirby McInerney LLP is investigating potential claims against Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (NASDAQ: ALHC). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.

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What Happened?

On July 8, 2026, it was reported that a former executive at Alignment Healthcare filed a whistleblower lawsuit alleging that the Company manipulated its finances to boost its stock price and executive compensation.

The whistleblower, who was employed by Alignment from 2019 to 2025 and most recently served as the Company’s chief transformation officer, alleges that Alignment Healthcare misclassified operating expenses as capital expenditures. These actions purportedly boosted the Company’s adjusted EBITDA for 2024 and 2025, thereby artificially inflating key performance metrics tied to both the Company’s stock price and executive compensation. On this news, the price of Alignment Healthcare shares declined by $4.02 per share, or approximately 17%, from $24.05 per share on July 7, 2026 to close at $20.03 on July 8, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Alignment Healthcare securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

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Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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