July 11 Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit...
July 01 2016 - 11:57AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming 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 during the Class Period, 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 Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
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/20160701005687/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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