June 16, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Universal American Corporation (NYSE:UAM) shares over potential securities laws violations by Universal American. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Universal American Corporation (NYSE:UAM) concerning whether a series of statements by Universal American issued between February 16, 2012 and November 7, 2013 regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Universal American Corporation reported that its annual Total Revenue declined from over $2.17 billion in 2012 to over $2.15 billion in 2013 and that its Net Income of $53.03 million in 2012 turned into a Net Loss of $19.233 million in 2013.

Shares of Universal American Corporation (NYSE:UAM) declined from $13.31 per share in late December 2011 to as low as $6.65 per share in February 2014.

On June 16, 2014, NYSE:UAM shares closed at $8.13 per share.