SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against MultiPlan Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall Law Firm, a national shareholder law firm, has announced a class action lawsuit against MultiPlan Corporation (“MultiPlan” or “the Company”) f / k / a Churchill Capital Corp. III (“Churchill III” or the “Company”) (NYSE: MPLN) for violating the securities laws
Investors who purchased the Company’s securities between July 12, 2020 and November 10, 2020 (including the “Class Period”) and all holders of Churchill III Class A common stock entitled through the Merger and the Vote Churchill III Acquisition of Polaris The October 2020 Consolidated Parent Company and its consolidated subsidiaries (collectively, “MultiPlan”) (the “Merger”) are required to contact the Company before April 26, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. MultiPlan lost tens of millions of dollars in sales to NaviGuard, a competitor built by one of its largest customers. NaviGuard was threatening 35% of the company’s revenue and 80% of its leveraged cash flows by 2022. The decline in sales that led to the merger was not due to “idiosyncratic” customer behavior, but to a deterioration in demand and increased competition. Indeed, the company has faced persistent problems, including deteriorating price momentum after the merger. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about MultiPlan, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
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