Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Brookdale Senior Living Inc. (BKD) on behalf of investors. The investigation is in regard to potential violations of the federal securities laws and unlawful business practices.
Brookdale Senior Living Inc. (BKD) is a publicly-traded company based in Tennessee that owns and operates over 750 senior living facilities in 45 states. With 38,400 full-time employees and $4 billion in revenue in 2019, Brookdale is the largest senior living community operator in the country.
Brookdale Alleged To Have Insufficient Staffing
On April 20, 2020 it was reported that a proposed class action lawsuit had been filed against Brookdale in the U.S. District Court of Middle Tennessee, alleging that the company had “insufficient staffing” at its facilities in order to meet its financial goals. The lawsuit alleges that Brookdale failed to deliver on its promise of basic care and services.
The proposed class of plaintiffs are current and former residents of Brookdale facilities in North Carolina. Brookdale denies the claims, but has not filed a response yet.
After the news came out, the company’s stock price fell more than 15% over the next two trading sessions, causing significant losses for investors.
Recovering Money Lost With Brookdale Senior Living Inc. (BKD) Stock
If you suffered losses with Brookdale Senior Living, we’d like to hear from you. Contact us to discuss your legal rights and potential options to recover losses.
Silver Law Group represents the interests of investors in cases of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct.
Scott Silver, managing partner of Silver Law Group, is licensed to practice in New York and Florida. Our attorneys handle elder financial fraud issues including claims against financial advisors, stockbrokers and fiduciaries for malfeasance and other misconduct. Elder financial fraud is on the rise and our attorneys are handling multiple cases of theft, misrepresentation, and unsuitability against professionals who claim to be acting in the clients best interest but breach their duties.
Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver for a no-cost consultation at firstname.lastname@example.org or toll free at (800) 975-4345.