NEW YORK, July 07, 2016 (GLOBE NEWSWIRE) -- Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into HCP, Inc. (“HCP” or the “Company”) to determine whether the Officers and Directors of HCP have breached their fiduciary duties owed to HCP and its shareholders. HCP investors are encouraged to go to: http://www.scott-scott.com/cases/new/securities-fraud-litigation-2874-hcp-inc-hcp.html. You can also contact Joseph Halloran at (646) 582-0121, or email jhalloran@scott-scott.com for information.
HCP invests in healthcare-related real estate throughout the United States. Its properties include senior housing, medical offices, hospitals, and skilled nursing homes.
In late April 2015, HCP said the U.S. Department of Justice (“DOJ”) had filed a lawsuit against one of its clients over the company's billing practices. The lawsuit against HCR ManorCare Inc., which operates and manages healthcare facilities owned by HCP, alleges that the operator billed Medicare for services that were not “medically reasonable and necessary.”
WHAT YOU CAN DO
If you are a long-term HCP shareholder, you may have legal claims against the Company. If you have questions about your legal rights, please contact attorney Joseph Halloran at (800) 404-7770 or (646) 582-0121, or at jhalloran@scott-scott.com.
ABOUT SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
Scott+Scott has significant experience prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm has offices in New York, London, Connecticut, California, and Ohio. Please visit www.scott-scott.com for more information about the firm.