If you purchased or otherwise acquired Humana shares and would like more information regarding the investigation, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
This investigation concerns whether Humana and certain of its officers and/or directors violated federal securities laws. According to the Centers for Medicare and Medicaid Services, the percentage of Humana’s membership in four-stars-rated plans or higher fell to roughly 37% in July from 78% the previous year. On October 12, 2016, Humana advised investors that the downgrade of its Medicare star-quality rating could lower its federal reimbursements. The Company stated that it will try “to mitigate any potential negative impact of these published ratings on star bonus revenues for 2018,” including seeking reconsideration of certain ratings, and that the Company believes the decline stems from a recently finished program audit by the Centers for Medicare and Medicaid Services. When this news was announced, shares of Humana dropped in value.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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