|[July 09, 2014]
INVESTOR ALERT: Investigation of Universal American Corp. Announced by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of Universal
American Corp. ("UAM" or the "Company") (NYSE:UAM) concerning
possible violations of federal securities laws. The investigation
focuses on certain statements issued by UAM between February 16, 2012
and November 7, 2013, concerning the Company's business and financial
Please contact us at (310) 201-9150, or at firstname.lastname@example.org
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
UAM is a New York-based specialty health and life insurance holding
company, which provides health insurance and managed care products and
services to Medicare and Medicaid recipients in the United States. The
investigation is related to UAM's November 7, 2013, announcement of the
Company's financial results for the quarter ended September 30, 2013.
For third quarter 2013 the Company reported a $7 million adjusted net
loss for the quarter, or $0.08 per share, citing among other things
"medical benefit ratios in our non-core markets [that] negatively
impacted our results."
If you purchased UAM securities between February 16, 2012 and November
7, 2013, if you have information or would like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, at (646) 539-8980, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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