Company: | United American Healthcare Corporation |
Ticker Symbol: | NASD: UAHC |
Class Period: | May 26, 2000, to April 22, 2004 |
Date Filed: | May-27-05 |
Lead Plaintiff Deadline: | Jul-25-05 |
Court: | Eastern District, MI |
Allegations: |
A securities class action has been filed against United American Healthcare Corporation and certain of its officers and directors on behalf of purchasers of United American Healthcare Corporation (NASDAQ: UAHC) publicly traded common stock during the period between from May 26, 2000, through April 22, 2004, inclusive (the ''Class Period'').
The complaint charges that United American Healthcare and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by failing to disclose the Company's improper business and financial relationship with a legislator having oversight of UAHC's Healthplan. According to the complaint, this relationship was in violation of the Company's contract with Tennessee and has caused the State of Tennessee to place UAHC's Healthplan under administrative supervision. The complaint alleges that as a result, investors could not understand or accurately assess the extent to which UAHC's ongoing operations, reported revenue, and income were dependent upon the improper political payments scheme.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The complaint charges that United American Healthcare and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities and Exchange Act by failing to disclose the Company's improper business and financial relationship with a legislator having oversight of UAHC's Healthplan. According to the complaint, this relationship was in violation of the Company's contract with Tennessee and has caused the State of Tennessee to place UAHC's Healthplan under administrative supervision. The complaint alleges that as a result, investors could not understand or accurately assess the extent to which UAHC's ongoing operations, reported revenue, and income were dependent upon the improper political payments scheme.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
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