Kendall Law Group Announces Class Action Against Skilled Healthcare Group

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Thu Jul 30, 2009 1:31pm EDT

  DALLAS, TX, Jul 30 (MARKET WIRE) -- 
Kendall Law Group, led by a former federal judge and U.S. Attorney,
announces that a lawsuit has been filed on behalf of Skilled Healthcare
(NYSE: SKH) shareholders who purchased stock between May 14, 2007 through
June 9, 2009. Also included are those who purchased common stock pursuant
or traceable to the Company's Initial Public Offering on February 7, 2007.

    Any shareholder, who purchased SKH stock during the above time period, may
move the Court to serve as lead plaintiff in this class action. If you
wish to serve as lead plaintiff, you must move the Court for appointment
by September 22, 2009. A lead plaintiff is a class member who acts on
behalf of other class members in directing the litigation. Lead
plaintiffs make important decisions which could affect the overall
recovery for class members.

    According to the Complaint, filed in the Central District of California,
defendants violated the federal securities laws by misrepresenting the
true amount of its income in its IPO prospectus. Then, on June 9, Skilled
Healthcare announced that the Company's prior financial statements for the
annual and quarterly periods between January 1, 2006 and March 31, 2009
should no longer be relied upon and that the Company expected to restate
those financial statements. That announcement caused the stock to drop 9
percent.

    While Kendall Law Group has not filed a lawsuit against the defendants,
the firm does has extensive experience in representing investors against
companies accused of securities fraud. Led by a former federal judge and
U.S. Attorney, the firm has the credentials to pursue any type of complex
securities litigation in the nation. If you wish to learn more about your
rights as a Skilled Healthcare Group shareholder or serving as a lead
plaintiff, contact attorney Hamilton Lindley at 877-744-3728 or
hlindley@kendalllawgroup.com.

    

Hamilton Lindley
Kendall Law Group LLP
3232 McKinney, Ste. 700
Dallas, TX 75204
(214) 744-3000 Telephone
(214) 744-3015 Facsimile
(877) 744-3728 Toll Free
hlindley@kendalllawgroup.com
www.kendalllawgroup.com

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