BALTIMORE, Nov. 13, 2007 (PRIME NEWSWIRE) -- The law firm of Brower Piven, A Professional Corporation, is investigating possible claims against WellCare Health Plans, Inc. ("WellCare" or the "Company") (NYSE:WCG) on behalf of current and former employees who have lost money investing in Company shares in their WellCare retirement plans. The claims concern whether the Company and/or the administrators of WellCare retirement plans (including any Company stock ownership or savings plan (the "Plan")) misrepresented and/or failed to disclose material facts concerning the Company to the Plan and Plan participants such that including Company shares as one of the choices for investment in the Plan was imprudent and in violation of the Plan administrators' fiduciary duties to Plan participants under the Employee Retirement Income Security Act of 1974.
If you purchased and/or held WellCare stock through a WellCare retirement plan and have information pertinent to these issues or would like to learn more about these claims, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at piven@browerpiven.com or by calling 410/332-0030.