EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against HCP, Inc. - HCP
May 11 2016 - 10:55AM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of HCP,
Inc. common stock (NYSE: HCP) from March 30, 2015 through February
8, 2016, both dates inclusive (the “Class Period”). The lawsuit
seeks to recover damages for HCP investors under the federal
securities laws.
To join the HCP class action, go to the firm’s website at
http://rosenlegal.com/cases-897.html or call Phillip Kim, Esq. or
Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
HCP invested directly in ManorCare prior to the start of the
Class Period. According to the lawsuit, defendants throughout the
Class Period misrepresented ManorCare’s financial performance, the
value of HCP’s ManorCare assets, and that HCP’s revenue stream from
ManorCare leases was secure. Moreover, HCP and ManorCare
represented that ManorCare had “a long history of compliance with
regulations,” and that ManorCare’s billing practices had been
“audited” in the past and were “to the standard one would want.”
When the true details entered the market, the lawsuit claims that
investors suffered damages.
A class action lawsuit has already been filed. 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. If you
wish to join the litigation, go to the firm’s website at
http://rosenlegal.com/cases-897.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20160511006052/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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