BENSALEM, Pa.--(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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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