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Law Offices of Howard G. Smith Announces Update to the Shareholder Lawsuit Against Healthways, Inc.
Date:6/10/2008

BENSALEM, Pa., June 10 /PRNewswire/ -- Law Offices of Howard G. Smith announces an August 4, 2008, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of all persons who purchased or otherwise acquired the common stock of Healthways, Inc. ("Healthways" or the "Company")(Nasdaq: HWAY) between October 17, 2007 and February 26, 2008 (the "Class Period"), including shares acquired through the Company's Retirement Savings Plan. The shareholder lawsuit is pending in the United States District Court for the Middle District of Tennessee.

The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning Healthways' financial performance and prospects, thereby artificially inflating the price of Healthways stock.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Healthways common stock between October 17, 2007 and February 26, 2008, or are a current or former employee who acquired shares through the Company's Retirement Savings Plan, you have certain rights, and have until August 4, 2008, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmithlaw@hotmail.com or visit our web
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SOURCE Law Offices of Howard G. Smith
Copyright©2008 PR Newswire.
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