SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 29, 2012 14:01 ET

SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Coventry Health Care, Inc. in Connection With the Sale of the Company to Aetna

NEW YORK, NY--(Marketwire - Aug 29, 2012) - Levi & Korsinsky notifies investors of Coventry Health Care, Inc. ("Coventry" or the "Company") (NYSE: CVH) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Aetna (NYSE: AET). A complaint was filed in Maryland state court.

Click here to learn more about the investigation: http://zlk.9nl.com/coventry-health-care-cvh, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Coventry shareholders will receive $27.30 in cash and 0.3885 Aetna common shares for each Coventry share they own which represents a value of approximately $42.08 per share. The transaction has a total approximate value of $7.3 billion, including the assumption of debt. The claims concern whether the Coventry Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Aetna is underpaying for Coventry shares, thus unlawfully harming Coventry stockholders.

If you own common stock in Coventry and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/coventry-health-care-cvh

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com