Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Care Capital Properties, Inc.

NEW YORK, July 20, 2017 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case no. 1:17-cv-00859, on behalf of shareholders of Care Capital Properties, Inc. ("Care Capital" or the "Company") (NYSE: CCP) who have been harmed by Care Capital's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with  the proposed sale of the Company to Sabra Health Care REIT, Inc. ("Sabra").

On May 7, 2017, the Company announced it had entered into an Agreement and Plan of Merger ("Merger Agreement") under which each outstanding share of Care Capital common stock will be exchanged for 1.123 common shares of Sabra (the "Proposed Transaction"), for an implied value of $29.96 per share based on Sabra's closing price on May 5, 2017.  The shareholder vote on the Proposed Transaction is expected to occur on August 15, 2017.

If you wish to obtain information concerning this action or view a copy of the complaint, you can do so by clicking here: www.faruqilaw.com/CCPnotice.

The complaint alleges that the Form S-4 Registration Statement (the "S-4") filed with the Securities and Exchange Commission ("SEC") on June 12, 2017 to solicit votes in favor of the Proposed Transaction violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including material information concerning the Company's financial projections and analyses, on which the Board relied to recommend the Proposed Transaction as fair to Care Capital shareholders.

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Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia and Pennsylvania.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:

Nadeem Faruqi, Esq.
James M. Wilson, Jr., Esq.
FARUQI & FARUQI, LLP
685 3^rd Avenue, 26th Floor 
New York, NY 10017
Tel.: (212) 983-9330
Fax: (212) 983-9331
E-mail: [email protected] 
[email protected]

SOURCE Faruqi & Faruqi, LLP

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