25.03.2008 21:16:00
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Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Humana, Inc.
Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin
Stoia”) (http://www.csgrr.com/cases/humana/)
today announced that a class action has been commenced in the United
States District Court for the Western District of Kentucky on behalf of
purchasers of Humana, Inc. ("Humana”
or the "Company”)
(NYSE:HUM) common stock during the period between February 4, 2008 and
March 11, 2008 (the "Class Period”).
If you wish to serve as lead plaintiff, you must move the Court no later
than 60 days from today. If you wish to discuss this action or have any
questions concerning this notice or your rights or interests, please
contact plaintiff’s counsel, Samuel H. Rudman
or David A. Rosenfeld of Coughlin Stoia at 800/449-4900 or 619/231-1058,
or via e-mail at djr@csgrr.com. If
you are a member of this class, you can view a copy of the complaint as
filed or join this class action online at http://www.csgrr.com/cases/humana/.
Any member of the purported class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member.
The complaint charges Humana and certain of its officers and directors
with violations of the Securities Exchange Act of 1934. The Company
provides various health and supplemental benefit plans for employer
groups, government benefit programs, and individuals in the United
States.
According to the complaint, during the Class Period, defendants issued
materially false and misleading statements concerning the Company’s
anticipated earnings per share ("EPS”)
for the first quarter of 2008 and full year 2008. As alleged in the
complaint, these statements were materially false misleading because
defendants failed to disclose: (i) that the Company was unable to
properly calculate the prescription drug costs of its newly acquired
members; (ii) that the Company’s costs
associated with its prescription drug plans had dramatically increased;
and (iii) that as a result of the foregoing, defendants’
statements concerning the Company’s
anticipated EPS for the first quarter of 2008 and full year 2008 were
lacking in a reasonable basis at all relevant times and were therefore
materially false and misleading.
On March 12, 2008, the Company announced that it would be revising its
earnings estimates because of, among other things, increased costs that
it was experiencing with the Company’s
prescription drug plans. Following this announcement, shares of Humana
stock fell $6.50 per share, or approximately 13.7%, to close at $40.88
per share.
Plaintiff seeks to recover damages on behalf of all purchasers of Humana
common stock during the Class Period (the "Class”).
The plaintiff is represented by Coughlin Stoia, which has expertise in
prosecuting investor class actions and extensive experience in actions
involving financial fraud.
Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San
Francisco, Los Angeles, New York, Boca Raton, Washington, D.C.,
Philadelphia and Atlanta, is active in major litigations pending in
federal and state courts throughout the United States and has taken a
leading role in many important actions on behalf of defrauded investors,
consumers, and companies, as well as victims of human rights violations.
The Coughlin Stoia Web site (http://www.csgrr.com)
has more information about the firm.
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Aktien in diesem Artikel
Humana Inc. | 280,50 | -0,14% |
Indizes in diesem Artikel
S&P 500 | 5 998,74 | -0,38% |