NEW YORK, Jan. 21, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Welltower Inc. (“Welltower” or the “Company”) WELL. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Welltower and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On December 7, 2022, Hindenburg Research published a report titled Welltower: Exposing The Shell Game. Among other things, the report alleged that the company delegated management of underperforming facilities to an undisclosed related party. In addition, according to the report, new partner company Integra “appears to be almost non-existent. The company was incorporated by Delaware 6 months ago, according to corporate records. Its website was registered the same day.” The report goes on to say, “Integra’s CEO, 29-year-old David Gefner, appears to have no background whatsoever in the skilled nursing field. Integra has no employees on LinkedIn, except for Gefner, who claims to have worked at the 6-month entity for 11 months.”

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

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles and Paris, is one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz law firm continues the tradition he established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multi-million dollar damages claims on behalf of the class…