WellCare Health Plans, Inc.
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WELLCARE MERGER CLASS ACTION LAWSUIT: HALPER SADEH LLP ANNOUNCES FILING OF SHAREHOLDER CLASS ACTION LAWSUIT AGAINST WELLCARE HEALTH PLANS, INC. CONCERNING ITS PROPOSED MERGER WITH CENTENE CORPORATION – WCG
May 10, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against WellCare Health Plans, Inc. (“WellCare” or the “Company”) (NYSE: WCG) in connection with the proposed sale of WellCare to Centene Corporation (“Centene”).
The lawsuit alleges that Defendants issued a materially misleading registration statement recommending that WellCare shareholders vote in favor of the proposed transaction. According to the complaint, the registration statement contains materially incomplete and/or misleading information concerning: (1) WellCare’s, Centene’s, and the combined company’s financial projections; and (2) the financial analyses performed by WellCare’s financial advisor, Goldman Sachs & Co. LLC, in connection with its fairness opinion. As a result, WellCare shareholders must be provided with this information in order to adequately assess and value the merger consideration. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction until such information is disclosed.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Certification and Authorization of Plaintiff Pursuant to Federal Securities Laws