Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of HCP, Inc. (NYSE:HCP)?
  • Did you purchase your shares between March 30, 2015 and February 8, 2016, inclusive?
  • Did you lose money in your investment?

Rigrodsky & Long, P.A. reminds shareholders of (“HCP” or the “Company”) (NYSE:HCP) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.  A complaint was filed in the United States District Court for the Northern District of Ohio on behalf of all persons or entities that purchased the common stock of HCP between March 30, 2015 and February 8, 2016, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) ManorCare was actively engaged in reimbursement billing fraud, in violation of federal and state laws; (2) as a result of ManorCare’s billing fraud, ManorCare’s reported revenue and earnings were false and ManorCare’s consolidated financial statements did not comply with GAAP; and (3) ManorCare’s billing fraud and the DOJ’s action against ManorCare put HCP’s lease revenue stream from ManorCare in jeopardy, and called into question the value of HCP’s ManorCare real estate assets and HCP’s equity stake in ManorCare.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2016.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you purchased shares of HCP during the Class Period, or purchased shares prior to the Class Period and still hold HCP, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://rigrodskylong.com/investigations/hcp-inc-hcp.                                Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com 
http://www.rigrodskylong.com
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