Investigation on behalf of former and current employees of Coventry Health Care, Inc. (Public, NYSE:CVH) concerning potential Employee Retirement Income Security Act (ERISA) Breach of Fiduciary Duty announced.

Coventry Health Care faces a securities lawsuit in the United States District Court for the District of Maryland over alleged violations of Federal Securities Laws. According to the complaint the plaintiff alleges Coventry and certain of its executives with violations of the Exchange Act. Issuing between February 9, 2007 and October 22, 2008 numerous positive statements regarding Coventry Health Cares financial condition, business and prospects, that were materially false and misleading because defendants failed to disclose adverse facts. Then on October 21, 2008, Coventry Health Care issued a press release announcing its financial results for its third quarter of 2008, the period ended September 30, 2008. In response to this announcement, the price of Coventry Health Care common stock declined from $28.49 per share to $13.93 per share, or more than 51%, on very heavy trading volume.

Coventry Health Care, Inc., located in Bethesda, MD, is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers compensation services companies.

Coventry Health Care, Inc reported in 2007 Total Revenue of $9.87953billion with a Net Income of $626.09million and in 2008 Total Revenue of $11.91365billion with a Net Income of $381.89million. Shares of Coventry Health Care, Inc (NYSE: CVH) traded recently at $22.85 per share, down from a 52weekHigh of $36.22 per share and over $61 per share in 2008 and 2007.