Humana Hit With Shareholder Class Action

Law360, New York (April 7, 2008, 12:00 AM EDT) -- A group of shareholders launched a putative class action Thursday against Humana Inc., accusing the company's chief executives of artificially inflating stock prices and misleading investors with false economic projections.

The complaint, filed in the U.S. District Court for the Western District of Kentucky, proposes a class of investors who purchased the health insurance company's common stock between Feb. 4, 2008, and March 11, 2008, and suffered the plunge in stock value after Humana abruptly revised its economic forecast.

The suit alleges Humana President and CEO...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.