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(i) MPW’s recapitalization transaction (the “Recap Transaction”) with Prospect Medical Holdings, Inc. was subject to regulatory approval and had in fact been placed on hold by the Department of Managed Health Care of the Health and Human Services
Agency of the State of California (“DMHC”); (ii) accordingly, MPW had misrepresented the regulatory process for the Recap Transaction’s approval; (iii) as a result of the foregoing, MPW overstated the approval prospects and benefits of the Recap Transaction; and (iv) as a result, the Company’s public statements regarding the Recap Transaction were materially false and misleading at all relevant times.
In order to be included in the lawsuit, you must have incurred a loss on shares of MPW purchased during the class period listed above.
If you suffered a loss in MPW during the relevant time frame, you have until November 28, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.