| COMPANY |
Centene Corp. |
| COURT |
United States District Court for the Eastern District of Missouri |
| CASE NUMBER |
17-cv-00806 |
| JUDGE |
The Hon. Audrey G. Fleissig |
| CLASS PERIOD |
May 24, 2016 - July 25, 2016 |
| SECURITY TYPE |
Common Stock |
Case Background:
On November 14, 2016, the initial complaint in this securities class action was filed against Centene Corp. (“Centene”) and certain of Centene’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This federal securities class action was brought on behalf of a class that consists of all persons and entities who purchased the common stock of Centene during the period from May 24, 2016 through 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.
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. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.