Sign in Subscribe
Class action lawsuits

Levi & Korsinsky Notifies Investors of Class Action Lawsuit Against Centene Corporation

Strategic Insights

— 1 min read

A class action securities lawsuit has been filed on behalf of investors in Centene Corporation (NYSE: CNC) due to alleged securities fraud between December 12, 2024, and June 30, 2025. The lawsuit claims that the company provided false and misleading statements about its enrollment and morbidity rates while simultaneously promoting a positive outlook to investors. Following an analysis of the 2025 Health Insurance Marketplace, Centene announced a reduction of its previously issued guidance to approximately $1.8 billion or an adjusted diluted EPS of $2.75, causing a significant decline in the company's stock price.

Key Takeaways:

  • The lawsuit alleges that Centene provided false and misleading statements about its enrollment and morbidity rates between December 12, 2024, and June 30, 2025.
  • The company's stock price declined dramatically after announcing a reduction of its previously issued guidance to approximately $1.8 billion or an adjusted diluted EPS of $2.75.
  • Investors have until September 8, 2025, to request that the Court appoint them as lead plaintiff in the case.
  • Those who suffered a loss in Centene during the relevant time period may be entitled to compensation without payment of any out-of-pocket costs or fees.
  • Levi & Korsinsky, LLP, a law firm with extensive expertise in securities litigation, is handling the case.
  • Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and has a track record of winning high-stakes cases.

Statistics:

  • The lawsuit covers a period of approximately six months from December 12, 2024, to June 30, 2025.
  • Centene's stock price fell by 40.4% from $56.65 per share on July 1, 2025, to $33.78 per share on July 2, 2025, after the company announced a reduction of its guidance.
  • The company's new guidance is approximately $1.8 billion or an adjusted diluted EPS of $2.75.

Sources:

  • GLOBE NEWSWIRE, "Levi & Korsinsky, LLP Notifies Investors of Class Action Lawsuit Against Centene Corporation," September 5, 2025.
  • Levi & Korsinsky, LLP, "Centene Investor Litigation," [www.levikorsinsky.com](http://www.levikorsinsky.com).
  • Comtex, [www.comtex.com](http://www.comtex.com).

Read more