HCP Announces Filing Appellate Petition for Rehearing in Ventas Litigation

HCP HCP announced that it had filed a petition for rehearing before the full U.S. Court of Appeals for the Sixth Circuit in connection with a 2009 jury verdict awarding approximately $102 million in damages to Ventas, Inc. and remanding the case for trial on punitive damages. The petition requests, among other things, dismissal of the case or a new trial. The Company previously announced that it accrued the full amount of the $102 million compensatory award during the third quarter of 2009.