Coventry Shareholder, ERISA Suits Trimmed

Law360, New York (March 31, 2011, 8:07 PM EDT) -- A Maryland federal judge on Wednesday partially dismissed a putative securities class action and related Employee Retirement Income Security Act suit alleging Coventry Health Care Inc. and its top brass deceived investors regarding severe business setbacks.

Judge Alexander Williams Jr. of the U.S. District Court for the District of Maryland jettisoned all but two of the 60 statements underpinning the securities fraud class action for failing to meet heightened pleading standards and dismissed claims that three of the four individual defendants are liable for scheming to...
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