Los Angeles, CA - 
(NewMediaWire) - April 23, 2021 - The Schall
Law Firm, a national shareholder rights
litigation firm, reminds investors of a class action lawsuit against MultiPlan
Corporation (“MultiPlan” or “the Company”) f/k/a Churchill Capital Corp. III
("Churchill III" or the "Company") (NYSE: MPLN) for violations of the
securities laws.
Investors who purchased the
Company's securities between July 12, 2020 and November 10, 2020, inclusive
(the ''Class Period''), and 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") are
encouraged to contact the firm before April 26, 2021.
If you are a shareholder who
suffered a loss, click here to participate.
We also encourage you to
contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has
not yet been certified, and until certification occurs, you are not represented
by an attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the
Company made false and misleading statements to the market. MultiPlan was
losing tens of millions of dollars in sales to NaviGuard, a competitor built by
one of its largest customers. NaviGuard threatened 35% of the Company’s sales
and 80% of its levered cash flows by 2022. The sales decline leading up to the
Merger was not caused by "idiosyncratic" customer behaviors, but by
deterioration in demand and increased competition. In fact, the Company was set
to face continued troubles including deteriorating pricing dynamics following
the Merger. Based on these facts, the Company’s public statements were false
and materially misleading throughout the class period. When the market learned
the truth about MultiPlan, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm
