Coventry Health Care, Inc. Hit By Shareholder Lawsuit

An broker in Coventry Health Care, Inc. (Public, NYSE:CVH) has filed a accusation in the United States District Court for the District of Maryland on account of purchasers of the accepted banal of Coventry Health Care, Inc. (NYSE:CVH) amid February 9, 2007 and October 22, 2008, over declared violations of Federal Securities Laws.

If you purchased accepted banal of Coventry Health Care, Inc. (NYSE:CVH) amid February 9, 2007 and October 22, 2008, you accept assertive options and there are abbreviate and austere deadlines running. Deadline: November 02, 2009. Those CVH investors and accepted continued appellation CVH investors should acquaintance the Shareholders Foundation, Inc at email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 - 1554. According to the complaint the plaintiff alleges Coventry and assertive of its admiral with violations of the Exchange Act. Issuing amid February 9, 2007 and October 22, 2008 abundant absolute statements apropos Coventry Health Care’s banking condition, business and prospects, that were materially apocryphal and ambiguous because defendants bootless to acknowledge adverse facts. Then on October 21, 2008, Coventry Health Care issued a columnist absolution announcement its banking after-effects for its third division of 2008, the aeon concluded September 30, 2008. In acknowledgment to this announcement, the amount of Coventry Health Care accepted banal beneath from $28.49 per allotment to $13.93 per share, or added than 51%, on actual abundant trading volume.

Coventry Health Care, Inc., amid in Bethesda, MD, is a adapted civic managed healthcare aggregation based in Bethesda, Maryland, operating bloom plans, allowance companies, arrangement rental and workers’ advantage casework companies. Through the Company’s Commercial Business, Individual Consumer and Government Business, and Specialty Business divisions, it provides a ambit of accident and fee-based managed affliction articles and casework to a ambit of individuals, employer and government-funded groups, government agencies, and added allowance carriers and administrators. Coventry Health Care, Inc appear in 2007 Total Revenue of $9.87953billion with a Net Income of $626.09million and in 2008 Total Revenue of $11.91365billion with a Net Income of $381.89million. Shares of Coventry Health Care, Inc (NYSE: CVH) traded afresh at $22.85 per share, down from a 52weekHigh of $36.22 per allotment and over $61 per allotment in 2008 and 2007.