{"id":464435,"date":"2021-03-24T12:23:46","date_gmt":"2021-03-24T16:23:46","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464435"},"modified":"2021-03-24T12:23:46","modified_gmt":"2021-03-24T16:23:46","slug":"zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/","title":{"rendered":"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, March  24, 2021  (GLOBE NEWSWIRE) &#8212; Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of MultiPlan Corporation (NYSE; MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U) between July 12, 2020 and November 10, 2020, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>To join the class action, go to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Ao3TbBCCrLx8zSR2_tQ6UZftV6iTY2EtHqpsOCtX2LPKYcvysTHoKdBot1PFXRbQtFBY0EZNXYEsdhKoLOf6zW9SvtUglHF11uqMIja0oVo0omne9OakZcP6D7Dogp0I2yM8ZzTqQ_BW8IfshjRN7m030taOG7W5D33YPCsQ8Tn_3wzbJBLv0y67zmdrE8-TvLlpxYxEdNj9GYfCekUbHC3MJLslR_3Gjl03EX0li2LZDaDJIRkpfopG6BmO1tB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634<\/a> or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J0wkyYpX-rsxJPNXk-q2nlGwifiNDmtX47Spj_VD_d32Y7EtiAv9ENgkFMkJbpUv5DY_jI36wky2lfcytxO_OV2y-NOR9UEhqKBVqOgWZUA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@zhanginvestorlaw.com<\/a>\u00a0for information on the class action.<\/p>\n<p>\u5982\u679c\u60a8\u60f3\u52a0\u5165\u8fd9\u4e2a\u96c6\u4f53\u8bc9\u8bbc\u6848\uff0c\u8bf7\u5728\u8fd9\u91cc\u63d0\u4ea4\u60a8\u7684\u4fe1\u606f\u3002<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Ao3TbBCCrLx8zSR2_tQ6UZftV6iTY2EtHqpsOCtX2LPKYcvysTHoKdBot1PFXRbQtFBY0EZNXYEsdhKoLOf6zW9SvtUglHF11uqMIja0oV8DpFVEi1hFQ6os8tsjzzThu0PgVW3XekZWsEdU_jtOPBSrx559vLiBBQnMFhsxb0FijFCOe8uOZUc5XSjx5fL5t_XXwrU-hM_rJVwYwThRzqrIjrPDAZLOBvyWP6TOvdetzgfAxKf9XVQMhLxnJDd\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634<\/a><\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court before the <strong>April 26, 2021 DEADLINE<\/strong>.\u00a0 A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0<\/p>\n<p>According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that- MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan\u2019s largest customers, UnitedHealthcare, which threatened up to 35% of the Company\u2019s sales and 80% of its levered cash flows by 2022; sales and revenue declines in the quarters leading up to the Merger were not due to \u201cidiosyncratic\u201d customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan\u2019s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan\u2019s services and balanced billing practices, causing the Company\u2019s to cut its take rate by up to half in some cases; as a result of the foregoing, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan\u2019s business was worth far less than represented to investors. According to the suit, these true details were disclosed by a market research firm.<\/p>\n<p>Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.<\/p>\n<p>Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>Zhang Investor Law P.C.<br \/>99 Wall Street, Suite 232<br \/>New York, New York 10005<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J0wkyYpX-rsxJPNXk-q2nlGwifiNDmtX47Spj_VD_d2Q1qe7pvahiRp60d2ECBQ2Y5c5qqsmtYaGXThH4_mFuOQJIdoF4G2AEnJWbDu9Bxc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@zhanginvestorlaw.com<\/a><br \/>tel: (800) 991-3756<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg0NiM0MDkwMTA2IzUwMDA1MzY0MQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1527d76b-f57f-46b5-a2bb-aefea5b33f18\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of MultiPlan Corporation (NYSE; MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U) between July 12, 2020 and November 10, 2020, inclusive (the \u201cClass Period\u201d). To join the class action, go to http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email\u00a0info@zhanginvestorlaw.com\u00a0for information on the class action. \u5982\u679c\u60a8\u60f3\u52a0\u5165\u8fd9\u4e2a\u96c6\u4f53\u8bc9\u8bbc\u6848\uff0c\u8bf7\u5728\u8fd9\u91cc\u63d0\u4ea4\u60a8\u7684\u4fe1\u606f\u3002http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 If you wish to serve as lead plaintiff, you must move the Court before the April 26, 2021 DEADLINE.\u00a0 A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U&#8221;<\/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-464435","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of MultiPlan Corporation (NYSE; MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U) between July 12, 2020 and November 10, 2020, inclusive (the \u201cClass Period\u201d). To join the class action, go to http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email\u00a0info@zhanginvestorlaw.com\u00a0for information on the class action. \u5982\u679c\u60a8\u60f3\u52a0\u5165\u8fd9\u4e2a\u96c6\u4f53\u8bc9\u8bbc\u6848\uff0c\u8bf7\u5728\u8fd9\u91cc\u63d0\u4ea4\u60a8\u7684\u4fe1\u606f\u3002http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 If you wish to serve as lead plaintiff, you must move the Court before the April 26, 2021 DEADLINE.\u00a0 A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or &hellip; Continue reading &quot;Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-24T16:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg0NiM0MDkwMTA2IzUwMDA1MzY0MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U\",\"datePublished\":\"2021-03-24T16:23:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/\"},\"wordCount\":423,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIwNTg0NiM0MDkwMTA2IzUwMDA1MzY0MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\\\/\",\"name\":\"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/","og_locale":"en_US","og_type":"article","og_title":"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U - Market Newsdesk","og_description":"NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of MultiPlan Corporation (NYSE; MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U) between July 12, 2020 and November 10, 2020, inclusive (the \u201cClass Period\u201d). To join the class action, go to http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email\u00a0info@zhanginvestorlaw.com\u00a0for information on the class action. \u5982\u679c\u60a8\u60f3\u52a0\u5165\u8fd9\u4e2a\u96c6\u4f53\u8bc9\u8bbc\u6848\uff0c\u8bf7\u5728\u8fd9\u91cc\u63d0\u4ea4\u60a8\u7684\u4fe1\u606f\u3002http:\/\/zhanginvestorlaw.com\/join-action-form\/?slug=multiplan-corporation&amp;id=2634 If you wish to serve as lead plaintiff, you must move the Court before the April 26, 2021 DEADLINE.\u00a0 A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.\u00a0 According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or &hellip; Continue reading \"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-24T16:23:46+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg0NiM0MDkwMTA2IzUwMDA1MzY0MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U","datePublished":"2021-03-24T16:23:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/"},"wordCount":423,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg0NiM0MDkwMTA2IzUwMDA1MzY0MQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zhang-investor-law-alerts-investors-of-deadline-in-securities-class-action-lawsuit-against-multiplan-corporation-mpln-mpln-ws-ccxx-ccxx-ws-ccxx-u\/","name":"Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against MultiPlan Corporation \u2013 MPLN, MPLN.WS, CCXX, CCXX.WS, CCXX.U - 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