FINAL NOTICE: Scott + Scott, LLP Reminds Investors that Today is the Deadline to File Lead Plaintiff Papers in HCP, Inc. (NYS...
July 11 2016 - 10:46AM
Scott + Scott, Attorneys at Law, LLP, a global investor rights law
firm, reminds investors that
Monday, July 11, 2016
is the last day to file lead plaintiff papers in the securities
lawsuit against HCP, Inc. (NYSE:HCP). HCP investors are
encouraged to contact Scott + Scott at
(866)
326-5057 or email gjohnson@scott-scott.com to discuss
their legal rights. HCP investors can learn more about the
lawsuit at
http://www.scott-scott.com/cases/new/securities-fraud-litigation-2874-hcp-inc-hcp.html.
About the Lawsuit
The complaint alleges that HCP violated securities laws by
failing to disclose during the class period that one of the
Company's major clients, ManorCare, was engaged in rampant billing
fraud that may have generated more than $6 billion in false claims
for reimbursement, and that the value of HCP's interest in
ManorCare was questionable.
On April 21, 2015, HCP disclosed that the U.S. Department of
Justice had intervened in whistleblower lawsuits. Then on May 5,
2015, HCP disclosed a recorded $478 million non-cash impairment
charge related to certain of its lease arrangements with ManorCare.
Then on February 9, 2016, HCP disclosed that its equity stake in
ManorCare had been written down to zero, and that it had taken an
$836 million non-cash impairment on its ManorCare lease assets and
placed all of its ManorCare real estate assets on a "Watch
List."
What you can do
If you purchased shares of HCP stock, you may
have legal claims against the Company. If you want to discuss
filing lead plaintiff papers, or have questions about your legal
rights, please contact Geoffrey M. Johnson, Esq. or Joseph
Halloran, Esq. by telephone at (866) 326-5057 or
by email at gjohnson@scott-scott.com or
jhalloran@scott-scott.com.
About Scott + Scott, Attorneys at Law,
LLP
Scott + Scott has significant experience
prosecuting major securities, antitrust, and employee retirement
plan actions throughout the United States. The firm has
offices in New York, London, Connecticut, California and Ohio.
Please visit www.scott-scott.com for more information about the
firm.
CONTACT:
Scott + Scott, Attorneys at Law, LLP
Geoffrey M. Johnson, Esq.
Joseph Halloran, Esq.
(216) 229-6088, toll-free (866) 326-5057
gjohnson@scott-scott.com
jhalloran@scott-scott.com
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