Glancy binkow & goldberg llp announces investigation of assisted
living concepts inc.
Los angeles--(business wire)--glancy binkow & goldberg llp announces that it is investigating potential claims on behalf of all purchasers of the securities of assisted living concepts inc. (“alc” or the “company”) (nyse:alc) between july 10, 2009 and august 6, 2012, inclusive. alc together with its subsidiaries operates senior living residences in the united states. the investigation is related to the company’s august 7, 2012 announcement that alc was informed on august 2, 2012 by the united states securities and exchange commission (sec) that the sec staff is conducting an investigation relating to the company. the company further disclosed that as part of its investigation the sec issued a subpoena to the company which requires the company to produce documents on a number of topics, including, among others, compliance with occupancy covenants in its previous lease with ventas realty, limited partnership, concerning eight assisted-living facilities operated by alc and leasing of units for employee use. following this news, the price of alc shares fell $2.88, or nearly 27%, to close on august 7, 2012 at $7.89 per share on extremely heavy trading volume. if you acquired alc securities between july 10, 2009 and august 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact michael goldberg, esquire, of glancy binkow & goldberg llp, 1925 century park east, suite 2100, los angeles, california 90067, by telephone at (310) 201-9150, toll free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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