San Diego, CA -- (SBWire) -- 09/13/2017 --An investigation for investors in NYSE:WCG shares was announced concerning possible violations of securities laws by WellCare Health Plans, Inc. in connection with certain financial statements was announced.
Investors who purchased shares of WellCare Health Plans, Inc. (NYSE:WCG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by WellCare Health Plans, Inc. (NYSE:WCG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Tampa, FL based WellCare Health Plans, Inc. is a managed care company. WellCare Health Plans, Inc. repoted that its annual Total Revenue rose from over $13.89 billion in 2015 to over $14.23 billion in 2016 and that its Net Income increased from $118.6 million in 2015 to $242.1 million in 2016.
Shares of WellCare Health Plans, Inc. (NYSE:WCG) grew from $70.06 per share in February 2016 to as high as $184.88 per share in July 2017.
On August 18, 2017,an article was published, "Pediatricians say Florida hurt sick kids to help big GOP donors", reporting that state health officials in Florida removed thousands of sick children from Children's Medical Services ("CMS"), a part of Florida Medicaid, and placed them on insurance plans owned by companies, including WellCare, that cumulatively donated millions of dollars to Florida Republican Party committees.
Shares of WellCare Health Plans, Inc. (NYSE:WCG) declined to $167.95 per share on August 23, 2017.
Those who purchased shares of WellCare Health Plans, Inc. (NYSE:WCG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
NYSE:WCG Shareholder Alert: Investigation over Possible Securities Laws Violations by WellCare Health Plans, Inc
An investigation for investors in WellCare Health Plans, Inc. (NYSE:WCG) shares over potential securities laws violations by WellCare Health Plans, Inc. was announced