NEW YORK, March 27 /PRNewswire/ -- Dreier LLP (www.dreierllp.com) announces that a class action lawsuit was commenced in the U.S. District Court for the Western District of Kentucky on behalf of investors who purchased Humana, Inc. ("Humana" or the "Company") (NYSE: HUM - News) during the period from February 4, 2008 through March 11, 2008, inclusive (the "Class Period"). The complaint alleges that Humana and two of the Company's senior officers (collectively, the "Defendants") violated the Securities Exchange Act of 1934.

If you purchased Humana stock during the Class Period, you may be a member of the proposed Class. You must move the Court on or before May 26, 2008 if you wish to serve as a lead plaintiff. Lead plaintiffs must meet certain legal requirements. If you have acquired Humana common stock and want to discuss your legal rights, you may contact Bruce D. Bernstein (classlaw@dreierllp.com) of Dreier LLP at 800-952-8897. Class members may retain counsel of their choice and move the Court to serve as a lead plaintiff, or may choose to do nothing and remain absent class members.

Humana provides various health and supplemental benefit plans for employer groups, government benefit programs, and individuals in the United States

The complaint alleges, among other things, that during the Class Period, Defendants misled investors by making materially false and misleading statements concerning Humana's anticipated earnings per share ("EPS") for the first fiscal quarter of 2008 and for the full year of 2008. Specifically, the complaint alleges that Defendants' statements were misleading because they failed to disclose that: (i) the Company was unable to properly calculate the prescription drug costs of its newly acquired members; and (ii) the Company's costs associated with its prescription drug plans had dramatically increased. In addition, as a result of the foregoing, Defendants' statements concerning the Company's anticipated EPS for the first quarter of 2008 and full year 2008 were made without a reasonable basis.

On March 12, 2008, prior to the opening of the market, Defendants shocked investors by announcing that the Company would be revising its earnings guidance, which it had given to the market less than five weeks earlier. In response to this revelation, the price of Humana common stock dropped $6.50 to close at $40.88 per share.

Dreier LLP's Class Action Litigation Group has vast experience representing domestic and foreign institutional and individual investors in securities and other class actions throughout the country. The partners who head Dreier LLP's Class Action Litigation Group have successfully prosecuted securities fraud class actions in a wide variety of industries and have played a significant role in cases that have resulted in some of the largest securities class action settlements. Prior results do not guarantee a similar outcome. As of the date of this Notice, Dreier LLP has not filed a complaint against Humana.

Background on Dreier LLP

Dreier LLP was founded in 1996 by Marc Dreier as a more responsive and innovative alternative to traditional "large-firm" lawyering. Dreier LLP represents a wide range of institutional, entrepreneurial and individual clients in diverse sectors of financial, industrial and service-oriented markets. The firm's principal practices are commercial litigation, class action litigation, real estate, bankruptcy and corporate reorganization, employment, corporate and securities, entertainment, intellectual property, matrimonial and tax. Dreier LLP's Los Angeles affiliate, Dreier Stein Kahan Browne Woods George LLP, has its principal practice in entertainment and commercial litigation and corporate transactions. The firm's New York affiliate Schlesinger Gannon & Lazetera LLP has an extensive practice in the area of trusts and estates law. Pitta & Dreier LLP is an affiliate which specializes in labor law, and Pitta, Bishop, Del Giorno & Dreier LLP specializes in government relations. In the 12 years since its founding, Dreier LLP, with its affiliate members, has grown to more than 200 attorneys, with its principal office at 499 Park Avenue in Manhattan, and additional offices in Los Angeles and Santa Monica, California; Albany, New York; and Stamford, Connecticut.

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