UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | March 13, 2007 |
AMERIGROUP Corporation
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(Exact name of registrant as specified in its charter)
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| Delaware | 001-31574 | 54-1739323 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 4425 Corporation Lane, Virginia Beach, Virginia | | 23462 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | (757) 490-6900 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On March 13, 2007, AMERIGROUP Corporation (the "Company") issued a press release announcing a judgment in qui tam litigation against the Company and its Illinois subsidiary described below in Item 8.01 "Other Events."
A copy of the press release is furnished pursuant to Item 7.01 "Regulation FD Disclosure" as Exhibit 99.1 to this Current Report on Form 8-K.
Item 8.01 Other Events.
On March 13, 2007, the U.S. District Court for the Northern District of Illinois, Eastern Division entered a judgment in qui tam litigation against the Company and its Illinois subsidiary, AMERIGROUP Illinois, Inc., in the amount of approximately $334 million. The Company intends to appeal the judgment to the United States Seventh Circuit Court of Appeals. In order to stay the enforcement of the judgment pending appeal, the Company will be required to post a supersedeas bond in the amount of the judgment plus one year of interest. As previously disclosed, the Company expects to secure the posting of the bond through the issuance of an unconditional letter of credit collateralized by proceeds available to the Company under financing commitments. The financing commitments are subject to, among other things, the execution of a definitive credit agreement and the satisfaction of closing conditions. Additional information on the qui tam litigation, including risks associated with our ability to obtain, and th e financial impact of, the financing commitments can be found in Item 1A entitled "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2006 filed with the Securities and Exchange Commission on February 27, 2007.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated March 13, 2007, entitled, "AMERIGROUP to Begin Appeal in Illinois Decision."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | AMERIGROUP Corporation |
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| March 14, 2007 | | By: | | Stanley F. Baldwin
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| | | | | Name: Stanley F. Baldwin |
| | | | | Title: Executive Vice President, General Counsel and Secretary |
Exhibit Index
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| Exhibit No. | | Description |
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|
99.1 | | Press Release, dated March 13, 2007, entitled "AMERIGROUP to Begin Appeal in Illinois Decision." |
