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New York, New York--(Newsfile Corp. - August 18, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Brookdale Senior Living Inc. (NYSE: BKD) alleging that the Company violated federal securities laws.
Class Period: August 10, 2016 and April 29, 2020
Lead Plaintiff Deadline: August 24, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Brookdale Senior Living Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Brookdale's financial performance was sustained by, among other things, the Company's purposeful understaffing of its senior living communities; (ii) the foregoing conduct subjected Brookdale to an increased risk of litigation and, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results and reputation; (iii) as a result, the Company's financial results were unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until August 24, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the BKD lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62058