NEW YORK, Nov. 13, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of MultiPlan Corporation (NYSE: MPLN) resulting from allegations that MultiPlan may have issued materially misleading business information to the investing public.
On November 11, 2020, Muddy Waters Research published a report entitled "MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab[.]" The Muddy Waters report described a series of issues involving MultiPlan including that "MPLN is in the process of losing its largest client, UnitedHealthcare ('UHC'). UHC has formed a competitor to MPLN that offers significantly lower prices and fewer conflicts of interest."
On this news, MultiPlan's stock price fell $2.46 per share, or 28%, over the next two trading days to close at $6.27 per share on November 12, 2020.
Rosen Law Firm is preparing a securities lawsuit on behalf of MultiPlan shareholders. If you purchased securities of MultiPlan please visit the firm's website at http://www.rosenlegal.com/cases-register-1983.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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SOURCE Rosen Law Firm, P.A.