Law Office Of Brodsky & Smith, LLC Announces Investigation Of Amerigroup Corporation

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Amerigroup Corporation (“Amerigroup” or the “Company”) (NYSE: AGP) relating to the proposed acquisition by WellPoint, Inc. (“WellPoint”).

Under the terms of the transaction, Amerigroup shareholders would receive only $92.00 in cash for each share of Amerigroup stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Amerigroup for not acting in the Company’s shareholders' best interests in connection with the sale process to WellPoint. The transaction may undervalue Amerigroup as, for example, an analyst has placed a $92.00 price target on Amerigroup stock.

If you own shares of Amerigroup stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/447-agp-amerigroup-corporation.html, or by calling toll free 877-LEGAL-90.

Copyright Business Wire 2010

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