PR Newswire, 21 January 2021
Johnson Fistel’s investigation seeks to determine whether the Company issued false or misleading statements or failed to disclose information relevant to investors.
Last November, Muddy Waters Research published a report entitled “MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab” The report described problem’s involving MultiPlan, including that “MPLN is in the process of losing its largest client, UnitedHealthcare (‘UHC’). UHC has formed a competitor to MPLN that offers significantly lower prices and fewer conflicts of interest.” Additionally, the Muddy Waters report claims that Multiplan is already in financial decline, “and its financial statements were engineered to obscure this existing deterioration.”
