LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Centene Corp. (“Centene” or the “Company”) (NYSE: CNC) concerning possible violations of federal securities laws between April 26, 2016 and September 6, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the January 13, 2017 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, Centene made materially false and misleading statements concerning the acquisition of Health Net, Inc. on March 24, 2016, as well as failed to disclose: that certain Health Net insurance programs were significantly underperforming, which led to the need to increase reserves to offset losses caused by these programs; that Centene overstated the financial prospects of Health Net; and that as a result of the above, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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