Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Skilled Healthcare Group, Inc.
2009-06-16 00:54:00 -
Law Offices of Howard G. Smith announces that it is investigating potential claims against Skilled Healthcare Group, Inc. (the “Company”) (NYSE:SKH), concerning possible securities violations related to public statements made by the Company concerning its financial performance for the annual and quarterly periods between January 1, 2006 and March 31, 2009. The investigation focuses on allegations that the Company issued inaccurate financial statements during that period.
On June 10, 2009, the Company announced that its previously reported financial results for the fiscal and quarterly periods from January 1, 2006 through March 31, 2009 should no longer be relied upon and must be restated because the Company understated reserves for its accounts receivable. As a result of this news, shares of the Company declined more than 9%, to close at $7.58 per share on June 10, 2009.
If you own shares of Skilled Healthcare Group, Inc. common stock and suffered a loss, or if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to Howardsmith@Howardsmithlaw.com : mailto:Howardsmith@Howardsmithlaw.com .
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847(888) 638-4847 Howardsmith@Howardsmithlaw.com : mailto:Howardsmith@Howardsmithlaw.com