RADNOR, Pa., April 8, 2008 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Western District of Kentucky at Louisville, on behalf of all purchasers of securities of Humana Inc. (NYSE: HUM) ("Humana" or the "Company") between February 4, 2008 and March 11, 2008, inclusive (the "Class Period").
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 Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at email@example.com.
The Complaint charges Humana and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Humana is a health and supplemental benefits company, with approximately 11.5 million medical members. Humana is a full-service benefits solutions company, offering health and supplementary benefit plans for employer groups, government programs and individuals.
The Complaint alleges that, throughout the Class Period, defendants failed to disclose material adverse facts about the Company's financial well-being and prospects. Specifically, defendants failed to disclose or indicate the following: (1) that the Company's prescription drug plan costs had increased significantly; (2) that the Company was unable to accurately calculate the prescription drug costs of new members; and (3) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis when made.
On March 12, 2008, the Company shocked investors when it announced that
it was revising the earnings guidance that it had issued a month ea
|SOURCE Schiffrin Barroway Topaz & Kessler, LLP|
Copyright©2008 PR Newswire.
All rights reserved