Shareholders Foundation, Inc.

WellCare Health Plans, Inc. (NYSE:WCG) Investor Alert: Investigation over Possible Violations of Securities Laws

An investigation for investors in WellCare Health Plans, Inc. (NYSE:WCG) shares over potential securities laws violations by WellCare Health Plans was announced and NYSE:WCG stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (ReleaseWire) -- 07/28/2014 -- An investigation on behalf of investors of WellCare Health Plans, Inc. (NYSE:WCG) shares over potential securities laws violations by WellCare Health Plans and certain of its directors and officers in connection 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 +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of WellCare Health Plans, Inc. (NYSE:WCG) concerning whether a series of statements by WellCare Health Plans regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

WellCare Health Plans, Inc. reported that its annual Total Revenue rose from over $7.4 billion in 2012 to over $.952 billion in 2013 and while its respective Net Income declined from $184.73 million to $175.30 million. Nevertheless, shares of WellCare Health Plans, Inc. (NYSE:WCG) grew from $46.17 per share in early 2013 to as high as $77.72 per share in May 2014.

Then on July 24, 2014, after the market closed, WellCare Health Plans, Inc. reported its second quarter 2014 results and updated its financial outlook for the year ending December 31, 2014. Shares of WellCare Health Plans, Inc. (NYSE:WCG) dropped from $77.57 per share on July 24, 2014, to $59.80 per share on July 25, 2014.

On July 25, 2014, NYSE:WCG shares closed at $61.61 per share.

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