ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

WCG WellCare Health Plans Inc

349.92
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
WellCare Health Plans Inc NYSE:WCG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 349.92 0 01:00:00

WellCare To Pay $120,000 Penalty For Campaign Contributions

19/08/2009 7:55pm

Dow Jones News


WellCare Health Plans (NYSE:WCG)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more WellCare Health Plans Charts.
   DOW JONES NEWSWIRES 
 

WellCare Health Plans Inc. (WCG) will pay a civil penalty of $120,000 to resolve charges it made questionable campaign contributions from 2003 through 2007.

The managed care company said it voluntarily disclosed the contributions to the Florida Elections Commission, which found four WellCare units didn't have a source of revenue independent of affiliate transfers and cash balances, and some of their contributions were for more than the legal limit.

"We are pleased this matter has been resolved," Vice Chairman Thomas F. O'Neil III said. "Our voluntary disclosure to the commission demonstrates our enterprise-wide commitment to regulatory compliance, transparency, and accountability." He added those responsible for the issues are no longer employed by the company.

WellCare also said there is no evidence the violations were intentional, and it halted contributions to Florida election campaigns in 2008.

Shares were off 1% to $24.65 in recent trading among a broader market rally but are up 91% so far this year.

-By Alexandra Scaggs, Dow Jones Newswires; 212-416-2673; alexandra.scaggs@dowjones.com

 
 

1 Year WellCare Health Plans Chart

1 Year WellCare Health Plans Chart

1 Month WellCare Health Plans Chart

1 Month WellCare Health Plans Chart

Your Recent History

Delayed Upgrade Clock