SHAREHOLDER ALERT: Khang & Khang LLP Announces an Investigation of Centene Corp. & Reminds Investors with Losses to Contact t...
07 October 2016 - 9:52AM
Business Wire
Khang & Khang LLP (the “Firm”) announces that it is
investigating claims against Centene Corp. (“Centene” or the
“Company”) (NYSE: CNC) concerning possible violations of federal
securities laws.
If you purchased shares of Centene and want more information,
please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
The investigation center around on statements made after
Centene’s acquisition of Health Net, Inc. on March 24, 2016. In the
months after the acquisition, the Company told investors that there
were no negative developments in the Health Net medical reserves.
On July 26, 2016, Centene announced that it increased reserves for
medical claims associated with disputed costs for substance abuse
treatment centers and that it recorded “premium deficiency reserves
primarily associated with Arizona and the California individual PPO
business.” When this news was released to the public, Centene
shares fell in value.
If you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20161006006539/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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