SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Class Action Involving HCP, Inc. and a Lead Plaintif...
May 13 2016 - 2:50PM
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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