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Pomerantz Law Firm Announces the Filing of a Class Action against MultiPlan Corporation f/k/a Churchill Capital Corp. III and Certain Officers, Directors, and Sponsors - MPLN; MPLN.WS; CCXX; CCXX.WS; CCXX.U

Nachrichtenquelle: PR Newswire (engl.)
06.03.2021, 06:56  |  141   |   |   

NEW YORK, March 6, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against MultiPlan Corporation f/k/a Churchill Capital Corp. III ("Churchill III" or the "Company") (NYSE: MPLN; MPLN.WS; CCXX; CCXX.WS; CCXX.U) and certain of its officers, directors, and sponsors. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 21-cv-01965, is on behalf of a class consisting of: (i) all purchasers of Churchill III securities between July 12, 2020 and November 10, 2020, inclusive (the "Class Period"); and (ii) all holders of Churchill III Class A common stock entitled to vote on Churchill III's merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries (collectively, "MultiPlan") consummated in October 2020 (the "Merger").

If you are a shareholder who purchased Churchill III securities during the Class Period and/or a holder of Churchill III Class A common stock entitled to vote on the Merger, you have until April 26, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Churchill III was formed in October 2019 as a blank check company. A blank check company is sometimes referred to as a special purpose acquisition vehicle, or "SPAC," and does not initially have any operations or business of its own. Rather, it raises money from investors in an initial public offering and then uses the proceeds from the offering to acquire a business or operational assets, usually from a private company that does not publicly report financial or operating results. As a result, investors in blank check companies rely on the skill, transparency, and honesty of the blank check company's sponsor to spend the offering proceeds to acquire a fundamentally sound target company that offers attractive risk-adjusted returns for investors.

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Pomerantz Law Firm Announces the Filing of a Class Action against MultiPlan Corporation f/k/a Churchill Capital Corp. III and Certain Officers, Directors, and Sponsors - MPLN; MPLN.WS; CCXX; CCXX.WS; CCXX.U NEW YORK, March 6, 2021 /PRNewswire/ - Pomerantz LLP announces that a class action lawsuit has been filed against MultiPlan Corporation f/k/a Churchill Capital Corp. III ("Churchill III" or the "Company") (NYSE: MPLN; MPLN.WS; CCXX; CCXX.WS; CCXX.U) …

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