{"id":383485,"date":"2020-11-17T16:50:24","date_gmt":"2020-11-17T21:50:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383485"},"modified":"2020-11-17T16:50:24","modified_gmt":"2020-11-17T21:50:24","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-multiplan-corporation-mpln-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-multiplan-corporation-mpln-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces an investigation of MultiPlan Corporation (\u201cMultiPlan\u201d or the \u201cCompany\u201d) (NYSE: MPLN<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn November 11, 2020, Muddy Waters Research issued a report titled \u201cMultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab,\u201d alleging, among other things that MultiPlan is \u201cin financial decline, and its financial statements were engineered to obscure this existing deterioration.\u201d It further stated that the Company \u201cis in the process of losing its largest client, UnitedHealthcare,\u201d which \u201chas formed a competitor to MultiPlan that offers significantly lower prices and fewer conflicts of interest.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s stock price fell $1.72 per share, or approximately 20%, to close at $7.01 per share on November 11, 2020.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased MultiPlan securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201117006268\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of MultiPlan Corporation (\u201cMultiPlan\u201d or the \u201cCompany\u201d) (NYSE: MPLN) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 11, 2020, Muddy Waters Research issued a report titled \u201cMultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab,\u201d alleging, among other things that MultiPlan is \u201cin financial decline, and its financial statements were engineered to obscure this existing deterioration.\u201d It further stated that the Company \u201cis in the process of losing its largest … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383485","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. 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Cruz announces an investigation of MultiPlan Corporation (\u201cMultiPlan\u201d or the \u201cCompany\u201d) (NYSE: MPLN) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 11, 2020, Muddy Waters Research issued a report titled \u201cMultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab,\u201d alleging, among other things that MultiPlan is \u201cin financial decline, and its financial statements were engineered to obscure this existing deterioration.\u201d It further stated that the Company \u201cis in the process of losing its largest … Continue reading "The Law Offices of Frank R. 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