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Press release from PR Newswire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of AMERIGROUP Corporation in Connection with the Sale of the Company to WellPoint Inc.

Wednesday, July 11, 2012

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of AMERIGROUP Corporation in Connection with the Sale of the Company to WellPoint Inc.13:10 EDT Wednesday, July 11, 2012NEW YORK, July 11, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of AMERIGROUP Corporation ("Amerigroup" or the "Company") (NYSE: AGP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to WellPoint Inc. (NYSE: WLP).(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )Click here to learn how to join the action: http://zlk.9nl.com/amerigroup-agp, or call: 877-363-5972. There is no cost or obligation to you.Under the terms of the transaction, Amerigroup shareholders will receive $92.00 per share of Amerigroup stock they own. The transaction has a total approximate value of $4.9 billion. The investigation concerns whether the Company's Board breached its fiduciary duties by failing to adequately shop the Company before entering into this transaction, whether WellPoint is underpaying for Amerigroup shares, thus unlawfully harming Amerigroup stockholders. In particular, at least one analyst set a price target for Amerigroup stock at $95.00 per share.If you own common stock in Amerigroup and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/amerigroup-agp. Levi & Korsinsky is a national firm with offices in New York and Washington D.C.  The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits.  For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:    Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004            Tel: (212) 363-7500Toll Free:  (877) 363-5972Fax: (212) 363-7171www.zlk.comSOURCE Levi & Korsinsky, LLP