Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. In response to this disclosure, the price of Elevance common stock declined by $32.21 per share, or 5.8%. Faruqi & Faruqi, LLP also encourages anyone with information regarding Elevance's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).