NEW YORK, NY / ACCESSWIRE / January 23, 2023 / Pomerantz LLP is investigating claims on behalf of investors of Brookdale Senior Living Inc. ("Brookdale" or the "Company") (NYSE:BKD). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Brookdale and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 13, 2023, Brookdale issued a press release announcing "select changes to its full-year 2022 financial expectations based on its preliminary, unaudited results". Among other items, Brookdale reported that "[f]ull-year Adjusted EBITDA will be modestly below the previously issued guidance range." Brookdale also announced that "Steven E. Swain, who serves as Brookdale's Executive Vice President and Chief Financial Officer, will terminate employment effective February 24, 2023."
On this news, Brookdale's stock price fell $0.18 per share, or 6.19%, to close at $2.73 per share on January 13, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP