San Diego, CA -- (SBWIRE) -- 05/25/2021 -- An investigation on behalf of current long-term investors in shares of MultiPlan Corporation (NYSE: MPLN) concerning potential breaches of fiduciary duties by certain directors and officers of MultiPlan Corporation was announced.

Investors who are current long term investors in MultiPlan Corporation (NYSE: MPLN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: MPLN stocks follows a lawsuit filed against MultiPlan Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MPLN stocks, concerns whether certain MultiPlan Corporation directors are liable in connection with the allegations made in that lawsuit.

In July 2020, Churchill III announced that it had entered into a preliminary agreement, subject to shareholder approval, to merge with MultiPlan Corporation.

On November 11, 2020, a report was published entitled "MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab[.]" The report described a series of issues involving MultiPlan Corporation 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."

The plaintiff alleges that the defendants made materially false and misleading statements in connection with the Merger and between July 12, 2020 and November 10, 2020 regarding the business, operation, and prospects of MultiPlan.

Those who purchased shares of MultiPlan Corporation (NYSE: MPLN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.