Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of HCP, Inc. Investors & Encourages Inves...

Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf 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.

Investors suffering losses on their HCP investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [e-mail].

The complaint alleges that 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.

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 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 the HCP’s shares fell significantly in value thereby damaging investors.

If you purchased shares of HCP during the Class Period you may move the Court no later than July 11, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [e-mail], or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160607006504/en/

Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy, 310-201-9150 or 888-773-9224https://[e-mail]