Conseco, Inc.

Company Name
Conseco, Inc.
Stock Symbol
CNCE
Class Period
October 30, 2001 to July 15, 2002
Court
Southern District of Indiana, Indianapolis Division
Status
Settled

On February 20, 2003, the District Court appointed The Firm Lead Counsel to prosecute this case on behalf of Conseco, Inc. shareholders. The Complaint alleges Conseco, its CEO, President and CFO violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and S.E.C. Rule 10b-5. Plaintiff claims Conseco made material omissions and misleading statements concerning problems with Conseco’s liquidity and the Company’s manufactured-homes financing business. Although they were in possession of materially adverse information about Conseco’s liquidity problems and problems with the collectability of the Company’s mobile home loans, defendants failed to fully disclose the information to investors, causing Conseco’s stock price to become artificially inflated.