Coventry Seeks KO In Securities Class Action

Law360, New York (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...
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