LOS ANGELES--(BUSINESS WIRE)--
Lundin Law PC (http://lundinlawpc.com/) announces that it is investigating claims against Centene Corp. (“Centene” or the “Company”) (NYSE: CNC) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at [email protected].
The investigation centers 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 information was released, Centene shares fell in value.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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