We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Coventry Seeks KO In Securities Class Action

Law360 (April 13, 2011, 9:22 PM EDT) -- Coventry Health Care Inc. argued Wednesday that a Maryland federal judge wrongly maintained claims in a consolidated putative securities class action accusing the company and its top brass of deceiving investors regarding severe business setbacks.

In a motion for partial reconsideration of a March 30 order dismissing all but two of the 60 statements underpinning the suit, Coventry contended that Judge Alexander Williams Jr. of the U.S. District Court for the District of Maryland incorrectly relied on the vague allegations of a confidential witness in allowing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.