What Is the Welltower Inc. Class Action Lawsuit About?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against Welltower Inc. (“Welltower” or “the Company”) (NYSE: WELL). Investors who purchased Welltower securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Welltower violated federal securities laws.
On December 7, 2022, Hindenburg Research published a report titled, “Welltower: Exposing The Shell Game.” The report claims that Welltower transferred the management of underperforming facilities to an undisclosed related party. 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.” The report also alleges 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.” Following this news, Welltower stock dropped over 5% that same day.
If you are aware of any facts relating to this investigation or purchased Welltower securities, you can assist this investigation. You can also contact Peretz Bronstein or law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
How Is BG&G Representing Investors in Securities Class Actions?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”