MultiPlan Corporation Class A Common Stock (NYSE: MPLN)
According to the Complaint, Churchill Capital Corp. III is a blank check company. In July 2020, Churchill III announced that it had entered into a preliminary agreement, subject to shareholder approval, to merge with MultiPlan Corporation. MultiPlan is a New York-based data analytics end-to-end cost management solutions provider to the U.S. healthcare industry. The merger was consummated in October 2020.
The Complaint alleges that Defendants made materially false and misleading statements in connection with the Merger and during the Class Period regarding the business, operation, and prospects of MultiPlan.