Case Page

 

Case Status:    ONGOING    
On or around 09/30/2016 (Ongoing date of last review)

Filing Date: February 04, 2016

According to the law firm press release, Cigna, a health services organization, provides insurance and related products and services in the United States and internationally. The Company distributes its products and services through insurance brokers and insurance consultants or directly to employers, unions, and other groups, as well as through the direct response television and the Internet.

The Complaint alleges that throughout the Class Period Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Cigna’s appeals and grievances procedures were not in compliance with federal standards; (ii) Cigna’s noncompliance with federal standards posed a serious threat to the health and safety of Medicare beneficiaries; and (iii) as a result of the foregoing, Cigna’s public statements were materially false and misleading at all relevant times.

On May 17, 2016, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated complaint on August 1.

COMPANY INFORMATION:

Sector: Financial
Industry: Insurance (Accident & Health)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Connecticut
DOCKET #: 16-CV-00182
JUDGE: Hon. Vanessa L. Bryant
DATE FILED: 02/04/2016
CLASS PERIOD START: 02/27/2014
CLASS PERIOD END: 01/21/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date
COURT: D. Connecticut
DOCKET #: 16-CV-00182
JUDGE: Hon. Vanessa L. Bryant
DATE FILED: 08/01/2016
CLASS PERIOD START: 02/27/2014
CLASS PERIOD END: 01/21/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hurwitz Sagarin Slossberg & Knuff, LLC
    147 North Broad Street, Hurwitz Sagarin Slossberg & Knuff, LLC, CT 06460
    (203) 877-8000 (203) 878-9800 ·
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date