Investigation Overview
September 1, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Aetna Inc (NYSE:AET) shares over potential securities laws violations by Aetna Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aetna Inc (NYSE:AET) concerning whether a series of statements by Aetna Inc (NYSE:AET regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Aetna Inc reported that its annual Total Revenue rose from over $60.33 billion in 2015 to over $63.15 billion in 2016 and that its Net Income declined from over $2.39 billion in 2015 to over $2.27 billion in 2016.
Shares of Aetna Inc (NYSE:AET) grew from $99.22 per share in February 2016 to as high as $158.54 per share in August 3, 2017.
On August 18, 2017, an article was published entitled 'Pediatricians say Florida hurt sick kids to help big GOP donors', reporting that state health officials in Florida removed thousands of sick children from Children's Medical Services ('CMS'), a part of Florida Medicaid, and placed them on insurance plans owned by companies, including Aetna, that cumulatively donated millions of dollars to Florida Republican Party committees.