Law360, New York (October 26, 2007, 12:00 AM ET) -- Days after federal and Florida state agents raided WellCare Health Plans Inc.’s Tampa offices, the health insurance company is facing another potential threat: shareholder suits.
On Friday, at least two law firms filed suit against WellCare in the U.S. District Court for the Middle District of Florida, seeking to represent a class of shareholders who purchased the company’s common stock during a period leading up to the October 24 raid.
On Wednesday, more than 200 agents from the Federal Bureau of Investigation, the U.S. Department of...
After Raid, WellCare Facing Securities Suits
To view the full article, take a free trial now.
