NYSE: WELL

Welltower Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Welltower Inc. (NYSE: WELL) resulting from allegations that Welltower may have issued materially misleading business information to the investing public.

If you purchased Welltower securities and would like to join the prospective action, please click “Join This Class Action.”

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Details of investigation:

On December 7, 2022, Hindenburg Research published a report titled, “Welltower: Exposing The Shell Game.” Among other things, the report claimed that the Company transferred the management of underperforming facilities to an undisclosed related party. In addition, 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.” Further, the report alleged 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.”

On this news, Welltower’s stock price fell $3.20 per share, or 4.69%, to close at $65.00 per share on December 7, 2022.

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Company Name: Welltower Inc.
Stock Symbol: WELL
Class Period: N/A
Court: N/A
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