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Investigation announced for Investors in shares of Brookdale Senior Living Inc. (NYSE: BKD)

06-04-2020 03:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Brookdale Senior Living Inc. (NYSE: BKD) shares over potential securities laws violations.

An investigation for investors in Brookdale Senior Living Inc. (NYSE: BKD) shares over potential securities laws violations.

An investigation was announced over potential securities laws violations by Brookdale Senior Living Inc. in connection with certain financial statements.

Investors who purchased shares of Brookdale Senior Living Inc. (NYSE: BKD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Brookdale Senior Living Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Brentwood, TN based Brookdale Senior Living Inc. owns and operates senior living communities in the United States. Brookdale Senior Living Inc. reported that its annual Total Revenue declined from over $4.53 billion in 2018 to over $4.05 billion in 2019, and that its Net Loss declined from $528.25 million in 2018 to $267.93 million in 2019.

On April 30, 2020, media outlets reported that a proposed class action had been filed against Brookdale Senior Living Inc accusing the Company of, among other things, “chronically insufficient staffing” at its facilities in an effort to meet financial benchmarks.

Shares of Brookdale Senior Living Inc (NYSE: BKD) declined from $3.98 per share on April 9, 2020, to as low as $2.39 per share on May 14, 2020.

Those who purchased shares of Brookdale Senior Living Inc. (NYSE: BKD) have certain options and should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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