DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of HCP, Inc. Of Upcoming Deadline - HCP
June 24 2016 - 3:04PM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of HCP, Inc.
(NYSE:HCP)?
- Did you purchase your shares between March 30, 2015 and
February 8, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. reminds shareholders
of (“HCP” or the “Company”) (NYSE:HCP) of an upcoming deadline
involving a securities fraud class action lawsuit commenced against
the Company. A complaint was filed in the United States
District Court for the Northern District of Ohio on behalf of all
persons or entities that purchased the common stock of HCP between
March 30, 2015 and February 8, 2016, inclusive (the “Class
Period”), alleging violations of the Securities Exchange Act of
1934 against the Company and certain of its officers (the
“Complaint”).
The Complaint alleges that throughout the Class
Period, defendants made materially false and misleading statements,
and omitted materially adverse facts, about the Company’s business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public that: (1)
ManorCare was actively engaged in reimbursement billing fraud, in
violation of federal and state laws; (2) as a result of ManorCare’s
billing fraud, ManorCare’s reported revenue and earnings were false
and ManorCare’s consolidated financial statements did not comply
with GAAP; and (3) ManorCare’s billing fraud and the DOJ’s action
against ManorCare put HCP’s lease revenue stream from ManorCare in
jeopardy, and called into question the value of HCP’s ManorCare
real estate assets and HCP’s equity stake in ManorCare. As a
result of defendants’ alleged false and misleading statements, the
Company’s stock traded at artificially inflated prices during the
Class Period.
If you wish to serve as lead plaintiff, you must
move the Court no later than July 11, 2016.
A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. Any member
of the proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
If you purchased shares of HCP during the Class
Period, or purchased shares prior to the Class Period and still
hold HCP, and wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact
Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky &
Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at
(888) 969-4242; by e-mail to info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/hcp-inc-hcp.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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