2009-11-06 21:08:17 - Investigation over shareholder claims on behalf of current long term investor in Conseco, Inc. (Public, NYSE:CNO) continues - Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com

A lawsuit on behalf of investors, who purchased their Conseco, Inc. (Public, NYSE:CNO) shares between August 4, 2005 to March 17, 2008, alleging violations of Federal Securities Laws by Conseco and others is currently pending in the U United States District Court for the Southern District of New York. In addition an investigation on behalf of long term investors of

Conseco, Inc. (Public, NYSE:CNO), who currently hold their CNO shares, focusing on potential claims against certain directors and officers of Conseco, Inc. (NYSE:CNO) is ongoing.

If you are a current long-term investor in Conseco Inc. (NYSE:CNO), you have certain options and you should contact the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

An investor in Conseco, Inc. (Public, NYSE:CNO) has filed a proposed securities class action lawsuit on behalf of the above stated purchasers of Conseco Inc. (NYSE:CNO) common stock against Conseco, Inc. and others over allegedly violating the Securities Exchange Act of 1934 by issuing between August 4, 2005 to March 17, 2008 numerous materially false and misleading statements regarding Conseco’s financial performance. Then on March 17, 2008, Conseco Inc disclosed that it did not maintain effective controls over the accounting and disclosure of insurance policy benefits and the liabilities for insurance products and that it would therefore be restating its financial results for the years ended December 31, 2004 and 2006, along with affected Selected Consolidated Financial Data for 2003 and 2004, and quarterly financial information for 2006 and the first three quarters of 2007. In response to this announcement, so the complaint, shares of Conseco’s stock (NYSE: NCO) fell $1.30 per share, or 12.9%, from a close of $10.06 per share on March 14, 2008, the last trading date before the announcement, to close at $8.76 per share, on extremely heavy trading volume. Those who are current long-term investors in CONSECO INC (NYSE: CNO), have certain options and should contact the Shareholders Foundation.