||United States District Court for the Eastern District of Missouri
||The Hon. Audrey G. Fleissig
||Between May 24, 2016 and July 25, 2016
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. Lead Plaintiff 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.
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