1. Centene faces a class action lawsuit for securities fraud. 2. Class period for claims is December 12, 2024, to June 30, 2025. 3. Company withdrew 2025 financial guidance, causing a 40.4% stock drop. 4. Lawsuit alleges misleading statements about business and operations. 5. Investors can participate in the class action until September 8, 2025.
Centene's stock suffered a steep drop of 40.4% recently due to reputational damage, which historically suggests subsequent investor caution and further declines in price.
Legal issues typically have high relevance for stock prices, especially when accompanied by financial corrections and historical precedents of similar cases negatively impacting stock performance.
Long-term implications due to ongoing litigation risk and potential reputational damage, recalling past cases where lawsuits led to extended negative impacts on stock performance.
The Law Offices of Frank R. Cruz reminds investors of the upcoming September 8, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Centene Corporation ("Centene" or the "Company") (NYSE: CNC) securities between December 12, 2024 to June 30, 2025, inclusive (the "Class Period").
IF YOU ARE AN INVESTOR WHO LOST MONEY ON CENTENE CORPORATION (CNC), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.
What Happened?
On July 1, 2025, Centene announced that it was withdrawing its previous 2025 financial guidance following analysis of data from the Affordable Care Act marketplace that showed a significant revenue decline from a risk-sharing mechanism.
On this news, Centene's stock price fell $22.87, or 40.4%, to close at $33.78 per share on July 2, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) a preliminary analysis of over two-thirds of Centene's marketplace share showed lower-than-anticipated enrollment and increased aggregate market morbidity; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Centene securities between December 12, 2024 to June 30, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is September 8, 2025.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Email us at: info@frankcruzlaw.com
Call us at: 310-914-5007
Visit our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250905534708/en/
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com