“The company is accused of omitting facts concerning compliance with a lease obligation covering eight assisted living facilities”

“The company is accused of omitting facts concerning compliance with a lease obligation covering eight assisted living facilities,” securities lawyer Hamilton Lindley said. “ALC is accused of not maintaining specified occupancy rates and ensuring that all regulatory licenses were up to date. Our proposed shareholder lawsuit will seek to ensure that proper controls are placed to correct any improper behavior, and to improve the company’s value for investors.”

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Assisted Living Concepts shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855.