Roy Jacobs & Associates Announces Class Action Lawsuit on Behalf of Centene Corp. Investors -- CNC

2 August 2006

Roy Jacobs & Associates announces that on July 28, 2006, it commenced a class action lawsuit in the United States District Court for the Eastern District of Missouri on behalf of purchasers of the common stock of Centene Corp. ("Centene" or the "Company") (NYSE:CNC) from June 21, 2006 through July 17, 2006 (the "Class Period"). Defendants include Centene and certain of its top officers and directors.

For further information you may call toll free, 1-888-884-4490, or contact counsel by e-mail by writing to classattorney@pipeline.com.

The complaint alleges that Centene and certain officers and directors violated the federal securities laws by making false and misleading statements and omissions assuring the investing public that Centene had its costs under control, when it did not. Centene is a healthcare enterprise which operates health plans in Indiana, Missouri, Ohio, Texas and additional states. During the Class Period, the Company assured investors that its costs were under control, and that the only market where there was any concern related to pharmacy costs in Indiana and to a limited degree Ohio. The defendants reported that cost trends were improving in Indiana and Ohio. In June 2006, defendants reaffirmed that there were no surprises. Thereafter in late June 2006, Goldman Sachs announced that based on its discussions with Centene, its management had strong confidence in its guidance for the second quarter of 2006 and for the remainder of 2006, and that cost trend issues remained manageable.

Then on July 18, 2006 defendants shocked the market by announcing that 2006 second quarter results would be far below prior guidance, and results for the remainder of 2006 would not meet guidance, as well. The huge shortfall was caused by additional medical costs incurred in Indiana and Texas. As a result, Centene shares dropped from $21.04 to $13.44, wiping out millions in shareholder value.

If you purchased Centene securities during the Class Period, you may qualify to serve as Lead Plaintiff on behalf of the Class, which consists of all persons and entities who purchased Centene stock from June 21, 2006 through July 17, 2006. You are not required to have sold your Centene stock in order to claim damages, or to serve in this role. All motions for appointment as Lead Plaintiff must be filed with the Court no later than October 2, 2006.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Roy L. Jacobs. Mr. Jacobs will personally speak with you at no cost or obligation.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca

CONTACT: Roy Jacobs & Associates

Roy L. Jacobs, Esq.

(888) 884-4490

classattorney@pipeline.com

Source: primezone

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