Kendall Law Group Announces Class Action Against Skilled Healthcare Group
(DALLAS) Kendall Law Group, led by a former federal judge and U.S. Attorney, announces that a lawsuit has been filed on behalf Skilled Healthcare (NYSE: SKH) shareholders who purchased stock between May 14, 2007 through June 9, 2009. Also included are those who purchased common stock pursuant or traceable to the Company's Initial Public Offering on February 7, 2007.
Any shareholder, who purchased SKH stock during the above time period, may move the Court to serve as lead plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by September 22, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Lead plaintiffs make important decisions which could affect the overall recovery for class members.
According to the Complaint, filed in the Central District of California, defendants violated the federal securities laws by misrepresenting the true amount of its income in its IPO prospectus. Then, on June 9, 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. That announcement caused the stock to drop 9 percent.
While Kendall Law Group has not filed a lawsuit against the defendants, the firm does has extensive experience in representing investors against companies accused of securities fraud. Led by a former federal judge and U.S. Attorney, the firm has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as an Skilled Healthcare Group shareholder or serving as a lead plaintiff, contact a Kendall Law Group attorney at 877-744-3728 or administrator@kendalllawgroup.com .
Kendall Law Group, LLP
3232 McKinney, Ste. 700
Dallas, TX 75204
214-744-3000 Telephone
214-744-3015 Facsimile
877-744-3728 Toll Free
administrator@kendalllawgroup.com
www.kendalllawgroup.com