This investigation is for anyone who acquired securities in MultiPlan Corporation (NYSE: MPLN) from October 9, 2020 through present.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, in the Prospectus to the Company's IPO, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to alert investors that the Company was in financial decline as it was in the process of losing its largest customer.
On November 11, 2020, Muddy Waters Research issued a report titled “MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab,” alleging, among other things that Multiplan is “in financial decline, and its financial statements were engineered to obscure this existing deterioration.” It further stated that the Company “is in the process of losing its largest client, UnitedHealthcare,” which “has formed a competitor to MultiPlan that offers significantly lower prices and fewer conflicts of interest.” On this news, the stock price dropped precipitously and currently trades at a lower price than it did at the time of the Company's IPO.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in MultiPlan Corporation (NYSE: MPLN) from October 9, 2020 through present you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Join the Class Action
First Name: *
Last Name: *
If Representing an Institution, Name of Institution:
If Representing an Institution, Position at Institution:
Mailing Address: *
Phone #: *
I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.