NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of WellCare Health Plans, Inc. ("WellCare" or the "Company") (NYSE: WCG). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wcg.
The investigation concerns whether WellCare and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 18, 2017, CNN.com published an article, "Pediatricians say Florida hurt sick kids to help big GOP donors", reporting that state health officials in Florida removed thousands of sick children from Children's Medical Services ("CMS"), a part of Florida Medicaid, and placed them on insurance plans owned by companies, including WellCare, that cumulatively donated millions of dollars to Florida Republican Party committees. Following this news, WellCare stock dropped $2.20 per share, or 1.25%, to close at $173.56 on August 18, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of WellCare, you can assist this investigation by visiting the firm's site: www.bgandg.com/wcg. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.