Brower Piven Announces Investigation of WellCare Health Plans, Inc. for Company Retirement Plan Participants

LAWFUEL – Legal Newswire – BALTIMORE, Nov. 13, 2007 The law firm of Brower Piven, A Professional Corporation, is investigating possible claims against WellCare Health Plans, Inc. (“WellCare” or the “Company”)
(NYSE:WCG) on behalf of current and former employees who have lost
money investing in Company shares in their WellCare retirement plans.
The claims concern whether the Company and/or the administrators of
WellCare retirement plans (including any Company stock ownership or
savings plan (the “Plan”)) misrepresented and/or failed to disclose
material facts concerning the Company to the Plan and Plan participants
such that including Company shares as one of the choices for investment
in the Plan was imprudent and in violation of the Plan administrators’
fiduciary duties to Plan participants under the Employee Retirement
Income Security Act of 1974.

If you purchased and/or held WellCare stock through a WellCare
retirement plan and have information pertinent to these issues or would
like to learn more about these claims, you may e-mail or call Brower
Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven at The World Trade
Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202, by email at [email protected] or by calling
410/332-0030.

-0-
CONTACT: Brower Piven, A Professional Corporation
Charles J. Piven
410/332-0030
[email protected]
Baltimore, Maryland

Scroll to Top