|[July 25, 2014]
WELLCARE SHAREHOLDER ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of WellCare Health Plans, Inc.
SAN DIEGO --(Business Wire)--
Shareholder rights law firm Johnson & Weaver, LLP has commenced an
investigation into whether certain officers and directors of WellCare
Health Plans, Inc. (NYSE: WCG) violated state or federal laws. WellCare
provides managed care services for government-sponsored health care
programs in the United States.
On July 25, 2014, WellCare stock dropped more than 20% in early morning
trading after the Company reported financial results for the second
quarter ended June 30, 2014. In its report WellCare announced that it
missed earnings forecasts by 97 cents and reduced its low-end guidance
for the full year in half. The Company now expects net income per share
to be between $2.20 and $2.50. The Company's previous guidance for net
icome was for a range between $4.40 and $4.75 per share.
Johnson & Weaver's investigation will seek to determine if certain
statements concerning WellCare's business, operations, and prospects
violated state or federal laws.
If you have information that could assist in this investigation, or
if you are a WellCare shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (firstname.lastname@example.org) by
email or by phone at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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