Robbins Umeda LLP has commenced an investigation into possible mismanagement of Conseco, Inc. ("Conseco" or the "Company") (NYSE: CNO). Conseco, through its subsidiaries, engages in the development, marketing, and administrations of supplemental health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The Company was founded in 1979 and is based in Carmel, Indiana.

Robbins Umeda LLP's investigation of Conseco concerns questionable statements issued by the Company between August 2005 and March 2008 regarding its corporate governance practices, business prospects, and earnings growth. It appears that the Company's financial statements issued during this period: (1) did not accurately report Conseco's revenue figures; (2) did not present the Company's true operating performance; (3) failed to disclose that Conseco lacked the internal controls necessary to properly report its revenues and earnings; (4) were not prepared in accordance with Generally Accepted Accounting Principles; and (5) materially overstated shareholder equity.

The Company's internal review thus far indicates that this potential mismanagement has been occurring since at least 2005. On March 28, 2008, the Company issued its annual report, restating its financial results for the years ended December 31, 2005 and 2006, along with affected Selected Consolidated Financial Data for 2004 and 2003, and quarterly financial information for 2006 and the first three quarters of 2007. Following corrective disclosures, the Company's market value declined by 15%.

A number of lawsuits alleging violations of the Securities Exchange Act of 1934 have been filed on behalf of shareholders who purchased or otherwise acquired Conseco stock between August 4, 2005 and March 17, 2008, seeking recovery from Conseco and certain of its officers for the damages they have suffered as a result of the officers' mismanagement of the Company. Securities class actions like these can potentially cause additional damage to the Company.

If you purchased Conseco stock prior to August 2005, continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in shareholder derivative actions, securities class actions, and merger-related shareholder class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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