Thread regarding Centene Corp. layoffs

Securities Fraud

If you weren't worries before - you might should start now. Just saying that its just not looking good at all

2 days ago: Centene faces a securities fraud lawsuit alleging misleading investors with inflated enrollment and morbidity claims, causing a 40.4% stock plunge. - Analysts slashed CNC's price targets to $33–$58.22 as enrollment fell short and morbidity rates spiked 72%

and as of today

Market Summary
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Centene Corp

  1. 76 USD

−2.66 (9.04%)today
Closed: Jul 25, 7:30 AM EDT • Disclaimer
Pre-market 23.10 −3.66 (13.68%)

by Anonymous
| 1421 views | | 2 replies (last July 25) | Reply
Post ID: @OP+1k10nmb61
Comment! It's anonymous!

2 replies (most recent on top)

Im going to second the previous comment. Don't make too much out of these lawsuits. The get filed all the time, and almost never amount to anything. Anyone can sue anyone else at any time for any reason. If there were an actual, active SEC investigation, that would be a different story.

by Anonymous
| | Reply
Post ID: @ah+1k10nmb61

I’ve seen this sort of thing dozens of times. Those lawsuits are fairly common when rich people lose a lot of money. They are also notoriously hard to prove - although there is no shortage of attorneys willing to take the gamble and file suit.

My source? 15+ years experience in institutional equity and bond finance advisory services.

by Anonymous
| | Reply
Post ID: @a7+1k10nmb61

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