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If you are purchased WebMD Health Corp. (NASDAQ: WBMD) shares prior to February 2011 and presently continue to hold those NASDAQ WBMD shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
San Diego, Aug 15, 2011 (Shareholders Foundation) -- An investigation on behalf of current long term investors of WebMD Health Corp. (NASDAQ: WBMD) over possible breaches of fiduciary duties by certain directors and officers of WebMD Health Corporation was announced.
The investigation follows a lawsuit filed for investors who purchased NASDAQ:WBMD stock only between February 23, 2011 and July 15, 2011 over alleged violations of Federal Securities Laws by WebMD Health Corporation.
The investigation by a law firm on behalf of current long term investors in stock WebMD Health Corp. (NASDAQ:WBMD) concerns whether certain current and/or former officers and members of WebMD Health board of directors and executive officers can be held liable in connection with the alleged Securities Laws violations in the lawsuit by investors who purchased WBMD stock between February 23, 2011 and July 15, 2011. According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of investors who purchased shares of WebMD Health Corp. (NASDAQ:WBMD) between February 23, 2011 and July 15, 2011, that WebMD Health Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding WebMD Healths business and prospects
Shares of WebMD Health Corp. (NASDAQ: WBMD) increased from as low as $15.18 in October to as high as $57.87 in April 2011.However, NASDAQ: WBMD stock fell sharply from $46.48 on July 15, 2011 to $31.70 on Monday July 18, 2011.
On July 18, 2011, WebMD Health Corp. (Nasdaq: WBMD), announced its preliminary financial results for the three months ended June 30, 2011 and lowered its financial guidance for 2011. WebMD Health Corp said that it now expects for 2011 an annual Revenue of $580 million to $600 million compared to 610 million to $640 million previously announced. WebMD Health Corp also cut its expected 2011 annual Income from continuing operations from between $79.8 million and $91.8 million to $71 million to $80 million.
