WellCare Directors Dismissed From Derivative Suit

Law360, New York (July 9, 2010, 5:41 PM EDT) -- A judge has dismissed directors of WellCare Health Plans Inc. from a derivative lawsuit that accuses the company's former executives of breach of duty and breach of contract in relation to an alleged health care fraud at the managed care services provider.

Judge Virginia M. Hernandez Covington of the U.S. District Court for the Middle District of Florida also said Thursday that the company can now take control of the lawsuit, which names former CEO Todd Fahra, ex-Chief Financial Officer Paul Behrens and former general counsel...
To view the full article, register now.