NEW YORK, Jan. 22, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cigna Corp. ("Cigna" or the "Company") (NYSE: CI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Cigna and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 22, 2016, pre-market, Cigna announced that the federal government had suspended new enrollment in the company's Medicare Advantage health plans for seniors and standalone Medicare prescription, citing noncompliance in Cigna's appeals and grievances procedures.
On this news, Cigna stock has fallen as much as $3.68, or 2.6%, to $136.45 during intraday trading on January 22, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP