Wellpoint, Inc. 401 (k) Retirement Savings Plan

On March 10, 2008 WellPoint, Inc. ("WellPoint" or the "Company")(NYSE: WLP) cut its earnings outlook for fiscal 2008. On this news, the price of WellPoint's common stock dropped 28.3% to close at $47.26 per share. WellPoint and other administrators of the WellPoint 401 (k) Retirement Savings Plan (the "Plan") may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.

WellPoint employees who own WellPoint stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the WellPoint Plan and purchased WellPoint stock through the Plan, please complete a WellPoint Plan Complaint Form for a free evaluation.

WellPoint 401(k) Savings Plan Articles

Wellpoint: Revised Profitability Forecasts Hurt Investors
When the nation's largest health insurer by membership cut its profit outlook for 2008, stock tumbledâ€"and the fortunes of those holding 401(k) Wellpoint employee plans will have tumbled right along with them.

Recent Drop in WellPoint Stock Sparks Lawsuit
A securities class action lawsuit has been filed by WellPoint Inc.'s shareholders because of the health insurer's recent drop in their stock market price that occurred the same day it had lowered its earning guidance for 2008.

WellPoint 401(k) Savings Plan Legal Help

If you have suffered losses to your WellPoint 401(k) retirement savings plan, please fill in our form on the right to send your complaint to a lawyer to evaluate your claim at no cost or obligation.