WellCare Pays $11M To Settle SEC Fraud Suit
By Brendan Pierson ( May 18, 2009, 12:00 AM EDT) -- Managed care services company WellCare Health Plans Inc. has agreed to pay $11 million to settle a lawsuit by the U.S. Securities and Exchange Commission alleging that the company inflated its earnings by holding on to over $40 million it was obliged to return to the state of Florida under state health benefits programs....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.