NEW YORK, Sept. 9, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Centene Corp. ("Centene" or the "Company") (NYSE:
CNC). Such investors are advised to contact Peretz Bronstein or his investor relations
analyst, Yael Hurwitz at
info@bgandg.com or 212-697-6484.
The investigation concerns whether Centene and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On March 24, 2016, Centene
announced its acquisition of a health care insurance provider,
Health Net, Inc. Following the acquisition of Health Net, Centene
guaranteed investors that there had been no negative developments
in the Health Net medical reserves.
On July 26, 2016, the Company said
that, "we did increase reserves for medical claims primarily
associated with disputed substance abuse treatment center costs.
Additionally, we recorded premium deficiency reserves primarily
associated with Arizona and the
California individual PPO
business." Following this news, Centene stock dropped close to 9%,
to close at just $68.87 on
July 26, 2016.
If you purchased Centene shares or if you are aware of any facts
relating to this investigation, you can assist this investigation
by visiting the firm's site: http://www.bgandg.com/cnc. You can
also contact Peretz Bronstein or his
Investor Relations Analyst, Yael
Hurwitz of Bronstein, Gewirtz & Grossman, LLC:
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC