WASHINGTON, July 27, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating claims that Skilled Healthcare Group, Inc. ("Skilled Healthcare" or the "Company") (NYSE:SKH) and certain of its officers and directors may have violated federal securities laws by making false and misleading statements regarding the Company's business and financial results.
A recently-filed complaint in the United States District Court for the Central District of California alleges that Skilled Healthcare and certain individual defendants made false and misleading statements and/or failed to disclose material facts concerning the Company's reserves for accounts receivables. On June 9, 2009, Skilled Healthcare revealed that it would restate previously-issued financial statements because the Company had understated reserves for accounts receivables from January 1, 2006 through March 31, 2009. The complaint alleges that, as a result, Skilled Healthcare stock plummeted more than 9% on June 10, 2009, closing at $7.58 per share on unusually high trading volume.
If you are interested in discussing your rights as a Skilled Healthcare shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com
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