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HCP to Pay Judgment in Ventas Litigation

  //business-finance.news-articles.net/content/201 .. 22/hcp-to-pay-judgment-in-ventas-litigation.html
  Published in Business and Finance on Monday, August 22nd 2011 at 16:46 GMT by Market Wire
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LONG BEACH, Calif.--([ BUSINESS WIRE ])--HCP (NYSE:HCP) announced that it will promptlypay the approximately $102 million judgment against the Company resulting from the 2009 jury verdict awarding compensatory damages to Ventas, Inc. The Company accrued the full amount of the $102 million compensatory award during the third quarter of 2009, and accordingly the Companya™s payment will have no additional impact on the Companya™s earnings.

About HCP

HCP, Inc., an S&P 500 company, is a real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP has been a publicly traded NYSE listed company since 1985. Our portfolio of properties is distributed among distinct sectors of healthcare including: senior housing, life science, medical office, post-acute/skilled nursing and hospital. For more information, visit us at [ www.hcpi.com ].