GPM Reminds Investors of the July 11 Deadline in the Class Action Lawsuit against HCP, Inc.
July 06 2016 - 10:30AM
Business Wire
Investors with over $100,000 in losses are encouraged to contact
Lesley Portnoy, Esquire to discuss their legal rights.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
July 11, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased HCP, Inc. (“HCP” or the “Company”) (NYSE:
HCP) securities between March 30, 2015 and February 8, 2016,
inclusive (the “Class Period”). HCP investors have
until July 11, 2016 to file a lead plaintiff
motion.
HCP invests in real estate assets, and one of the Company’s
largest investments was in ManorCare, a Company that owned and
operated nursing homes and rehabilitation centers. According to
recent reports ManorCare allegedly engaged in an egregious
insurance fraud scheme whereby ManorCare submitted over $6 billion
in false claims for reimbursement. On news of the alleged insurance
fraud HCP’s shares fell significantly in value thereby damaging
investors.
If you purchased HCP shares, you may move the Court no later
than July 11, 2016 to request appointment as lead
plaintiff. To be a member of the class you need not take any action
at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by e-mail please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160706005414/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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