NEW YORK, Aug. 30, 2009 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important September 22, 2009 Lead Plaintiff deadline in the class action lawsuit the Firm filed on behalf of all purchasers of Skilled Healthcare Group, Inc. ("Skilled Healthcare" or the "Company") (NYSE:SKH) common stock during the period from May 14, 2007 through June 9, 2009, inclusive (the "Class Period"). The lawsuit alleges violations of the federal securities laws and seeks to recover losses for Skilled Healthcare shareholders.
To join the Skilled Healthcare class action, go to the website at www.rosenlegal.com or call Laurence Rosen Esq., or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. Numerous other law firms have issued notices "announcing" a class action lawsuit against Skilled Healthcare, however many of these firms have not actually filed a class action lawsuit. The Rosen Law Firm researched, drafted and filed the first class action complaint against Skilled Healthcare that many of these announcements appear to refer to.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint charges Skilled Healthcare and certain of its officers and directors violated the federal securities laws by misrepresenting the true amount of its income in its IPO prospectus and in other SEC filings and public communications. In an announcement dated June 9, 2009, Skilled Healthcare announced that the Company's prior financial statements for the annual and quarterly periods between January 1, 2006 and March 31, 2009 should no longer be relied upon and that the Company expected to restate those financial statements. According to the announcement, Skilled Healthcare discovered errors relating to its accounting for reserves on its accounts receivable. The Company estimated that the cumulative charges against after-tax earnings in the aggregate would be between $8 million and $9 million. The Complaint alleges that this adverse disclosure caused the value of Skilled Healthcare's stock to fall, damaging investors.
Plaintiff seeks to recover damages on behalf of all purchasers of Skilled Healthcare common stock during the Class Period, including purchasers of Skilled Healthcare's common stock in the IPO on or about May 14, 2007.
A class action lawsuit has already been filed on behalf of Skilled Healthcare shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than September 22, 2009. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm represents investors around the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.