DALLAS, June 16, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former Federal Judge and U.S. Attorney, announces that it is investigating potential securities violations against Skilled Healthcare Group, Inc. (NYSE:SKH). The claims relate to the announcement that Skilled Healthcare issued inaccurate financial statements from January 1, 2006 through March 31, 2009.
Because the Company understated reserves for its account receivables, Skilled Healthcare announced that its previously reported financial results for the fiscal and quarterly periods from January 1, 2006 through March 31, 2009 should no longer be relied upon and must be restated. Further, Skilled Healthcare announced that its preliminary review indicated there would be cumulative charges against after-tax earnings of between $8 and $9 million over the affected periods. This announcement caused Skilled Healthcare's stock to fall more than 9% on June 10, 2009.
If you suffered a loss in Skilled Healthcare stock, you have very important legal rights that may form the basis of a claim for against Skilled Healthcare and some of its officers for issuing inaccurate financial statements.
Kendall Law Group has had tremendous success representing investors against companies accused of securities fraud. For more information, please contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
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