NEW YORK, NY--(Marketwire - August 7, 2009) - Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of Conseco Inc. ("Conseco" or the "Company") (NYSE: CNO) between August 4, 2005 and March 17, 2008, inclusive (the "Class Period"). The lawsuit is pending in the United States District Court for the Southern District of New York against Conseco and certain of its officers and directors.

The complaint alleges that, throughout the Class Period, misrepresented or failed to disclose: (1) that the revenue figures reported by the Company were materially inaccurate; (2) that Conseco's reported financial results were materially misstated and did not present the Company's true operating performance; (3) that Conseco was without the internal controls necessary to properly report its revenues and earnings; (4) that Conseco's financial statements were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); (5) that Conseco's shareholders' equity was materially overstated during the Class Period; and (6) as a result of the above, defendants lacked a reasonable basis for their positive statements about Conseco, its corporate governance practices, its prospects and earnings growth.