Faruqi and Faruqui, LLP Logo
Share this page

Care Capital Properties, Inc.

NYSE:CCP

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Care Capital Properties, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case no. 1:17-cv-00859, on behalf of shareholders of Care Capital Properties, Inc. (“Care Capital” or the “Company”) (NYSE:CCP) who have been harmed by Care Capital’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed sale of the Company to Sabra Health Care REIT, Inc. (“Sabra”).

On May 7, 2017, the Company announced it had entered into an Agreement and Plan of Merger (“Merger Agreement”) under which each outstanding share of Care Capital common stock will be exchanged for 1.123 common shares of Sabra (the “Proposed Transaction”), for an implied value of $29.96 per share based on Sabra’s closing price on May 5, 2017.  The shareholder vote on the Proposed Transaction is expected to occur on August 15, 2017.

The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on June 12, 2017 to solicit votes in favor of the Proposed Transaction violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including material information concerning the Company’s financial projections and analyses, on which the Board relied to recommend the Proposed Transaction as fair to Care Capital shareholders.

Take Action

Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia and Pennsylvania.

If you wish to serve as lead plaintiff, you must move the Court no later than September 18, 2017.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Nadeem Faruqi, Esq. either via e-mail at nfaruqi@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330 or James M. Wilson, Jr., Esq. at jwilson@faruqilaw.com.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Care Capital Properties, Inc.
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 07/20/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.