Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action Has Been Filed Against Conseco Inc.

NEW YORK, NY, Aug 17 (MARKET WIRE) --
Bronstein, Gewirtz & Grossman, LLC announces that a class action has been
filed in the United States District Court for the Southern District of
New York on behalf of those who purchased or otherwise acquired stock of
Conseco Inc. ("Conseco" or the "Company") (NYSE: CNO) during the period
from August 4, 2005 through and including March 17, 2008 (the "Class
Period").

The Complaint charges that defendant violated federal securities laws.
Throughout the Class Period defendant failed to disclose: (1) that the
revenue figures reported by the Company were materially inaccurate; (2)
that Conseco reported financial results were materially misstated and did
not present the Company's true operating performance; (3) that Conseco
without the internal controls necessary to properly report its revenues
and earnings; (4) that Conseco's financial statements were not prepared in
accordance with Generally Accepted Accounting Principles ("GAAP"); (5)
that Conseco shareholders' equity was materially overstated during the
Class Period; and (6) as a result of the above, defendants lacked a
reasonable basis for their positive statements about Conseco, its
corporate governance practices, its prospects and earnings growth.

On March 17, 2008, Conseco announced that it would be restating its
financials for the years ended December 31, 2004 and 2006, as well as
affected Selected Consolidated Financial Data for 2003 and 2004, and
quarterly financial information for 2006 and the first three quarters of
2007. The price of Conseco's Stock dropped 12.9% on this news.

No Class has yet been certified in the above action. If you wish to review
a copy of the Complaint, to discuss this action, or have any questions,
please contact either Peretz Bronstein or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. October 5, 2009 is the deadline for
investors to seek a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf
of our clients. In addition to representing institutions and other
investor plaintiffs in class action security litigation, the firm's
expertise includes general corporate work, private securities offerings,
and securities arbitration.

Contact:
Peretz Bronstein
Eitan Kimelman
Bronstein, Gewirtz & Grossman, LLC
212-697-6484
Email Contact

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