SOURCE: The Rosen Law Firm P.A.

June 16, 2005 12:45 ET

Rosen Law Firm Files Expanded Securities Class Action on Behalf of United American Healthcare Shareholders -- UAHC

NEW YORK, NY -- (MARKET WIRE) -- June 16, 2005 -- The Rosen Law Firm (http://www.rosenlegal.com) announced today it has filed a securities class action against United American Healthcare Corporation and certain of its officers and directors on behalf of purchasers of United American Healthcare Corporation (NASDAQ: UAHC) publicly traded common stock during the period between from May 26, 2000, through April 22, 2005, inclusive (the "Class Period''). This lawsuit expands the Class Period an additional year beyond the class period in the lawsuit the firm previously filed on behalf of investors.

To join the United American Healthcare class action -- go to our website at http://www.rosenlegal.com or call Laurence Rosen, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com for further information.

The complaint charges that United American Healthcare and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by failing to disclose the Company's improper business and financial relationship with a legislator having oversight of UAHC's Healthplan. According to the complaint, this relationship was in violation of the Company's contract with Tennessee and has caused the State of Tennessee to place UAHC's Healthplan under administrative supervision. The complaint alleges that as a result, investors could not understand or accurately assess the extent to which UAHC's ongoing operations, reported revenue, and income were dependent upon the improper political payments scheme.

A class action lawsuit has already been filed on behalf of United American Healthcare shareholders by plaintiffs' counsel The Rosen Law Firm P.A. The case titled Coleman v. United American Healthcare Corporation; Civ. No. 05-72384 is pending in the U.S. District Court for the Eastern District of Michigan. You can obtain a copy of the complaint from the clerk of court or you may contact counsel for the plaintiffs Laurence Rosen, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com.

If you wish to serve as lead plaintiff, you must move the Court no later than July 26, 2005. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com. You can also join this class action online at http://www.rosenlegal.com.

The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.

Contact Information

  • Contact:
    Laurence Rosen, Esq.
    The Rosen Law Firm P.A.
    Tel: (212) 686-1060
    Toll Free: 1-866-767-3653
    Non-Business Hours Tel: (917) 797-4425
    Fax: (212) 202-3827
    Email Contact
    http://www.rosenlegal.com