Shepardson v. Skilled Healthcare Group securities class action: Glancy Binkow & Goldberg appointed Co-Lead Counsel

Glancy Binkow & Goldberg LLP has been appointed as Co-Lead Counsel in the securities class action against Skilled Healthcare Group, Inc. (“Skilled Healthcare” or the “Company”) (NYSE:SKH), certain of the Company’s executive officers, and certain underwriters of the Company’s May 2007 initial public offering (“IPO”), currently pending in the United States District Court for the Central District of California -- Shepardson v. Skilled Healthcare Group, Inc., et al., No. CV 09-5416-DOC (RZx).

The Shepardson Complaint alleges that, during the Class Period (May 14, 2007 through June 9, 2009), the defendants violated the Securities Exchange Act of 1934 and the Securities Act of 1933 by virtue of the Company's failure to disclose in the Registration Statement for the Company's IPO and/or during the Class Period that the amount of its income for the annual and quarterly periods from January 1, 2006 through March 31, 2009 was overstated. According to the Complaint, on June 9, 2009, the value of Skilled Healthcare's stock declined significantly when the Company revealed that its financial statements for the annual and quarterly periods between January 1, 2006 and March 31, 2009, could no longer be relied upon and would have to be restated due to errors relating to its accounting for reserves on its accounts receivable.

SOURCE Glancy Binkow & Goldberg LLP