LOS ANGELES, CA / ACCESSWIRE / August 10, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Brookdale Senior Living Inc. ("Brookdale" or "the Company") (NYSE:BKD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between August 10, 2016 and April 29, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before August 24, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Brookdale sustained its financial performance throughout techniques such as intentionally understaffing its senior living communities. These techniques created a larger risk of litigation and would impact its financial performance when revealed. The Company's financial performance was unsustainable. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Brookdale, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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