Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action Has Been Filed Against Conseco Inc.

NEW YORK, NY--(Marketwire - August 17, 2009) - Bronstein, Gewirtz & Grossman, LLC announces
that a class action has been filed in the United States District Court for
the Southern District of New York on behalf of those who purchased or
otherwise acquired stock of Conseco Inc. ("Conseco" or the "Company")
(NYSE: CNO) during the period from August 4, 2005 through and including
March 17, 2008 (the "Class Period").

The Complaint charges that defendant violated federal securities laws.
Throughout the Class Period defendant failed to disclose: (1) that the
revenue figures reported by the Company were materially inaccurate; (2)
that Conseco reported financial results were materially misstated and did
not present the Company's true operating performance; (3) that Conseco
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 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.

On March 17, 2008, Conseco announced that it would be restating its
financials for the years ended December 31, 2004 and 2006, as well as
affected Selected Consolidated Financial Data for 2003 and 2004, and
quarterly financial information for 2006 and the first three quarters of
2007. The price of Conseco's Stock dropped 12.9% on this news.

No Class has yet been certified in the above action. If you wish to review
a copy of the Complaint, to discuss this action, or have any questions,
please contact either Peretz Bronstein or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing address
and telephone number. October 5, 2009 is the deadline for investors to seek
a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf
of our clients. In addition to representing institutions and other
investor plaintiffs in class action security litigation, the firm's
expertise includes general corporate work, private securities offerings,
and securities arbitration.