Wellpoint Class Action

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Securities Exchange Act of 1934
Posted on: 04.23.2008.
The Securities Exchange Act of 1934 is a law governing what is and is not legal in the secondary trading of securities (stocks, bonds, and debentures). The Act, 48 Stat. 881 (June 6, 1934), codified at 15 U.S.C. § 78a et seq., was a sweeping piece of legisl...

Class Action Filed by Schiffrin Barroway Topaz & Kessler, LLP
Posted on: 04.23.2008.

RADNOR, Pa., 4/22/2008 -- The following statement was issued by the law firm of

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About Wellpoint

Wellpoint Inc.
Type: Public (NYSE:WLP)
On the web: wellpoint.com
Employees: 42,000
Contact Information:120 Monument Circle Indianapolis, IN 46204
Tel 317-532-6000 Fax 317-488-6028

Through its subsidiaries, the company provides health coverage, primarily under the Blue Cross and Blue Shield name, to more than 34 million medical members. It is a Blue Cross or BCBS licensee in 14 states and provides plans under the Unicare name in other parts of the country. WellPoint offers a broad range of managed care plans (including PPO, HMO, indemnity, and hybrid plans) to employers, individuals, and recipients of Medicare and Medicaid. It also provides administrative services (claims processing and underwriting) to self-insured groups and specialty insurance products.

Key numbers for fiscal year ending December, 2006:
Sale: $56,953.0M
One year growth: 26.2%
Net income: $3,094.9M
Income growth: 25.6%
Officers: Chairman: Larry C. Glasscock
President, CEO, and Director: Angela F. Braly