Skilled Healthcare Group, Inc. Investor Class Action Lawsuit

An broker in Skilled Healthcare Group, Inc. (Public, NYSE:SKH) has filed a proposed balance chic action accusation in the United States District Court for the Central District of California on account of all purchasers of Skilled Healthcare Group, Inc. (NYSE:SKH) accepted banal during the aeon from May 14, 2007 through June 9, 2009, alleging violations of the federal balance laws by Skilled Healthcare Group

Those who purchased Skilled Healthcare Group, Inc. (NYSE:SKH) accepted banal during the aeon from May 14, 2007 through June 9, 2009, accept assertive options and there are abbreviate and austere deadlines running. Deadline: September 22, 2009. Those should acquaintance the Shareholders Foundation, Inc at Email: mail(at)shareholdersfoundation.com or alarm us at: +1 (858) 779 - 1554. According to the complaint the plaintiff alleges that Skilled Healthcare Group, Inc and assertive of its admiral and admiral abandoned the federal balance laws Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, by misrepresenting its assets in its IPO announcement and in added SEC filings and accessible communications which had the aftereffect of artificially inflating the bazaar price. In an advertisement anachronous June 9, 2009, Skilled Healthcare appear that the Company's above-mentioned banking statements for the anniversary and annual periods amid January 1, 2006 and March 31, 2009 should no best be relied aloft and that the Company accepted to recapitulate those banking statements.

On June 9, 2009, Skilled Healthcare appear that the Company’s banking statements for the anniversary and annual periods amid January 1, 2006 and March 31, 2009 were inaccurate and should no best be relied upon, and that Company accepted to recapitulate those banking statements. According to the announcement, Skilled Healthcare apparent errors apropos to its accounting for affluence on its accounts receivable. The Company estimated that the accumulative accuse adjoin after-tax balance in the accumulated would be amid $8 actor and $9 million. As a aftereffect of the advertisement that the Company misstated its earnings, its banal amount has dropped, damaging investors, so the lawsuit.

Skilled Healthcare Group, Inc. is a provider of chip abiding healthcare casework through its nursing companies and rehabilitation analysis business. Skilled Healthcare Group aswell provides added accompanying healthcare services, including assisted active affliction and auberge care. Skilled Healthcare Group is amid in Foothill Ranch, California. Shares of Skilled Healthcare Group (NYSE:SKH) traded afresh at $8.48 per share, down from a 52weekHigh of $ 17.17per share.