Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Centene Corporation

Law Offices of Howard G. Smith announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of Missouri on behalf of purchasers of the securities of Centene Corporation between February 7, 2012, and June 8, 2012, inclusive (the Class Period) seeking to pursue remedies under the Securities Exchange Act of 1934. The Complaint alleges that, throughout the Class Period, the defendants issued materially false and misleading statements concerning the Company’s financial performance and prospects. Specifically, the Complaint alleges that the defendants misrepresented and/or failed to disclose that the Company's profit and revenue forecasts issued in January 2012, and increased in April 2012, were lacking in any reasonable basis; at the time the Company issued its revenue forecast in January 2012, Company insiders knew that the competitive landscape in the industry was more difficult than described and would thus make the Company’s guidance impossible to achieve; certain Company insiders capitalized on this material adverse information to sell the Company shares at inflated prices before the truth concerning the Company’s financial performance was disclosed to the market; the Company lacked adequate internal and financial controls; and as a result of the above, the Company’s statements concerning its business and operational prospects were materially false and misleading at all relevant times.