NASDAQ:ESRX Shareholder Notice: Investigation over Possible Securities Laws Violations by Express Scripts Holding Company
An investigation for investors in NASDAQ:ESRX shares over potential securities laws violations by Express Scripts Holding was announced and NASDAQ:ESRX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 05/17/2017 --Express Scripts Holding Company is under investigation concerning potential violations of securities laws. The investigation was announced for investors in NASDAQ:ESRX shares in connection certain financial statements made by Express Scripts Holding.
Investors who purchased shares of Express Scripts Holding Company (NASDAQ:ESRX), 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 possible claims on behalf of purchasers of the securities of Express Scripts Holding Company (NASDAQ:ESRX) concerning whether certain statements by Express Scripts Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Express Scripts Holding Company reported that its annual Total Revenue declined from over $101.75 billion in 2015 to over $100.28 billion in 2016 and that its Net Income increased from over $2.47 billion in 2015 to over $3.4 billion in 2016.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) reached in 2015 as high as $92.29 per share.
On April 24 2017, Express Scripts Holding Company announced its 2017 first quart financial results and its 2017 guidance. Among other things, Express Scripts Holding Company issued an update on its current long-term PBM contract with Anthem that is set to expire December 31, 2019.
Express Scripts Holding Company said that although conversations have been ongoing, the Company was recently told by Anthem management that Anthem intends to move its business when the Company's current contract with Anthem expires on December 31, 2019, and that Anthem is not interested in continuing discussions regarding pricing concessions for 2017-2019 or in receiving the Company's proposed pricing for the period beyond 2019. Shares of Express Scripts Holding Company (NASDAQ:ESRX) declined to $57.80 per share on April 25, 2017.
Those who purchased shares of Express Scripts Holding Company (NASDAQ:ESRX) 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/808304