INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Lawsuit Involving HCP, Inc. and a Lead P...
July 05 2016 - 11:40AM
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Northern District of
Ohio on behalf of investors who purchased HCP, Inc. (NYSE:HCP)
securities between March 30, 2015 and February 8, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/hcp-inc. There is no
cost or obligation to you.
According to the complaint, 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.”
If you suffered a loss in HCP you
have until July 11, 2016 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff. To obtain
additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/hcp-inc.
Vincent Wong, Esq. is an experienced
attorney that has represented investors in securities litigations
involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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