Case Background:
This is a federal securities fraud class action lawsuit on behalf of all persons and entities that purchased or otherwise acquired Centene Corp. (“Centene”) common stock between May 24, 2016 and July 25, 2016, both dates inclusive (the “Class Period”).
The complaint alleges that Defendants made false and misleading statements during the Class Period regarding Centene’s merger with Health Net Inc. (“Health Net”), including substantially understating Health Net’s liabilities at the time of the merger.
Current Status of Case:
The Parties participated in a mediation session on January 29, 2020. At the conclusion of the mediation session, the parties agreed to settle the action for $7,500,000.00. On October 26, 2020, the Court approved the Settlement. This action has concluded.
Please be advised that the deadline to file a claim was October 13, 2020. If you have any questions or need further information about this settlement, you may go to the following website, http://www.centenesecuritieslitigation.com/, or you can contact the claims administrator, JND Legal Administration at 1-888-964-0670.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com.