INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Centene Corporation of Class Action Lawsuit and Upcoming Deadlines - CNC
CenteneCentene(US:CNC) GlobeNewswire News Room·2025-07-23 14:00

Core Viewpoint - A class action lawsuit has been filed against Centene Corporation, alleging securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - The lawsuit involves Centene and certain officers and/or directors regarding potential securities fraud [2]. - Investors have until September 8, 2025, to request appointment as Lead Plaintiff if they purchased Centene securities during the Class Period [2]. Group 2: Company Performance - On July 1, 2025, Centene announced the withdrawal of its 2025 GAAP and adjusted diluted earnings per share (EPS) guidance due to market growth in 22 out of 29 states not meeting expectations [4]. - The company cited higher-than-anticipated health risks in these states affecting its risk adjustment revenue calculations [4]. Group 3: Stock Market Reaction - Following the announcement, Centene's stock price dropped by $22.87 per share, or 40.37%, closing at $33.78 per share on July 2, 2025 [5].