An investigation on behalf of investors in shares of Aetna Inc (NYSE:AET) was announced over possible breaches of fiduciary duties by certain directors and officers of Aetna Inc.
Investors who are current long term investors in Aetna Inc (NYSE:AET) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE:AET stocks follows a lawsuit filed recently against Aetna Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:AET stocks, concerns whether certain Aetna officers and directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 15, 2016 and January 20, 2017 the defendants made false and/or misleading statements and/or failed to disclose thatthe Company and its senior executives attempted to leverage Aetna’s participation in the Public Exchanges for favorable treatment from regulators regarding the Humana acquisition, that the Company threatened to limit its participation in public health insurance exchanges if the Department of Justice (“DOJ”) attempted to block the merger, that Aetna did not withdraw from certain public health insurance exchanges for business reasons as Defendants claimed, but to follow through on its threat of leaving the marketplace once the DOJ filed suit and to improve its litigation position, that Aetna withdrew from public health insurance exchanges that were profitable for the Company, and that as a result of the foregoing, Defendants’ statements about Aetna’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
The plaintiff claims that nevertheless, between August 15, 2016 and January 20, 2017, the defendants informed investors that their decision to withdraw Aetna from multiple Public Exchanges was purely a business decision aimed at reducing financial losses.
On April 17, 2017, NYSE:AET shares closed at $129.31 per share.
Those who purchased NYSE:AET shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego