SOURCE: Universal American Financial Corp

November 22, 2005 18:56 ET

Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Universal American Financial Corp.

BALA CYNWYD, PA -- (MARKET WIRE) -- November 22, 2005 -- Law offices of Brodsky & Smith, LLC announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Universal American Financial Corp. (NASDAQ: UHCO) ("Universal American" or the "Company") between February 16, 2005 and October 28, 2005, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.

The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period, thereby artificially inflating the price of Universal American securities.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased this stock during the above referenced class period you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Evan J. Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Contact Information

  • Contact:
    Evan J. Smith, Esquire
    Marc L. Ackerman, Esquire
    Brodsky & Smith, LLC
    Email Contact
    toll free 877-LEGAL-90