Lawyers are trying to organize a securities class-action suit against a large managed care company.
Lawyers at Coughlin Stoia Geller Rudman & Robbins L.L.P., San Diego, have filed a complaint against Aetna Inc., Hartford, and some Aetna officers and directors on behalf of an institutional investor in the U.S. District Court in Philadelphia.
The institutional investors are seeking court permission to represent a class of plaintiffs that would include investors who bought Aetna stock between July 28, 2005, and July 27, 2006, according to lawyers at Coughlin Stoia.
Investors in that class who would like to serve as the lead plaintiff can apply to the court to serve lead plaintiff, the lawyers say.
The initial plaintiff alleges in the complaint that, during the class period, Aetna and its officers “made false and misleading statements regarding the company’s business and prospects,” according to lawyers at Coughlin Stoia.