SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Welltower Inc. - WELL
NEW YORK, Dec. 26, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Welltower Inc. ("Welltower" or the "Company") (NYSE: WELL). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Welltower and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On December 7, 2022, Hindenburg Research published a report titled, "Welltower: Exposing The Shell Game." Among other things, the report claimed that the Company transferred the management of underperforming facilities to an undisclosed related party. In addition, according to the report, the new partner firm Integra "seems to barely exist. The entity was registered 6 months ago, according to Delaware corporate records. Its website was registered on the same day." Further, the report alleged that, "Integra's CEO, 29-year-old David Gefner, appears to have no background in the skilled nursing space at all. Integra has no employees on LinkedIn except for Gefner, who claims to have worked at the 6-month-old entity for 11 months."
On this news, Welltower's stock price fell $3.20 per share, or 4.69%, to close at $65.00 per share on December 7, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
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