Manorcare

Lawsuit Claims HCP, ManorCare Misled Investors

Those assurances came at a time when ManorCare was aware of the more than $6 billion in false claims billed by the company, Legal NewsLine reported. That billing fraud resulted in a series of whistleblower allegations against the provider, consolidated into one suit by the Department of Justice last year. News of the fraud resulted in a decline of HCP stock, which subsequently hurt investors, …