INVESTOR ALERT: Investigation of Centene Corp. Announced by The Wagner Firm
October 07 2016 - 1:09PM
Business Wire
The Wagner Firm announces that it is investigating
potential claims on behalf of investors of Centene Corp. (“Centene”
or the “Company”) (NYSE: CNC) concerning the Company and its
officers’ possible violations of federal securities laws. Injured
investors are encouraged to contact The Wagner Firm to discuss
their legal rights, and a potential class action lawsuit to recover
investors’ losses.
On March 24, 2016, Centene issued a press release announcing the
acquisition of Health Net, Inc. (“Health Net”) a health care
insurance provider. In the months following the acquisition of
Health Net, Centene assured investors that there had been no
negative developments in the Health Net medical reserves.
However, on July 26, 2016, the Company announced that, “we did
increase reserves for medical claims primarily associated with
disputed substance abuse treatment center costs. Additionally, we
recorded premium deficiency reserves primarily associated with
Arizona and the California individual PPO business.”
On this news, Centene shares fell nearly 9%, to close at just
$68.87 on July 26, 2016, thereby injuring investors.
If you purchased Centene shares, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Avi Wagner, Esquire, of The Wagner Firm,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
at (310) 491-7949, by e-mail at info@thewagnerfirm.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161007005661/en/
The Wagner Firm, Los Angeles, CAAvi Wagner,
310-491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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