BALA CYNWYD, Pa., Dec. 2, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Universal
American Corp. ("Universal American" or "the Company") (NYSE: UAM)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to WellCare
Health Plans, Inc. ("WellCare").
Click here to learn more
http://www.brodskysmith.com/cases/universal-american-corp-nyse-uam/,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Universal American
shareholders will receive only $10.00
in cash for each share of Universal American stock they own. The
investigation concerns whether the Board of Universal American
breached their fiduciary duties to shareholders and whether
WellCare is underpaying for the Company. The transaction may
undervalue the Company and would result no real gain for many
Universal American shareholders. For example, Universal American
stock traded at $10.95 per share on
June 18, 2015 and the amount being
paid to Universal American shareholders may be below the
premium paid in comparable transactions.
If you own shares of Universal American stock and wish to
discuss the legal ramifications of the investigation, or have
any questions, you may e-mail or call the law office of Brodsky
& Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://www.brodskysmith.com/cases/universal-american-corp-nyse-uam/,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC