{"id":398565,"date":"2020-12-12T05:02:14","date_gmt":"2020-12-12T10:02:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398565"},"modified":"2020-12-12T05:02:14","modified_gmt":"2020-12-12T10:02:14","slug":"brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\/","title":{"rendered":"BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:  Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Brookdale Senior Living Inc. &#8211; BKD"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW ORLEANS<\/span>, <span class=\"xn-chron\">Dec. 12, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Former Attorney General of <span class=\"xn-location\">Louisiana<\/span>, <span class=\"xn-person\">Charles C. Foti, Jr., Esq.<\/span>, a partner at the law firm of Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;), announces that KSF has commenced an investigation into Brookdale Senior Living Inc. (NYSE: BKD).\u00a0\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.jpg\" title=\"Kahn Swick &amp; Foti, LLC (&quot;KSF&quot;) - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto\/Kahn Swick &amp; Foti, LLC)\" alt=\"Kahn Swick &amp; Foti, LLC (&quot;KSF&quot;) - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto\/Kahn Swick &amp; Foti, LLC)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>In mid-April of 2020, class action litigation was filed against the Company on behalf of a putative class of elderly and disabled residents from nearly 56 facilities &#8220;to redress systemic unfair and deceptive trade practices and breaches of contract,&#8221; alleging that it &#8220;engaged in a scheme of understaffing and cover-up through misrepresentations, misleading statements, omissions and concealment of material facts, and the inherently flawed and deceptive staffing practices&#8221; from <span class=\"xn-chron\">April 2016<\/span> to 2020. On <span class=\"xn-chron\">April 30, 2020<\/span>, the <i>Nashville Business Journal<\/i> issued a report exposing the &#8220;lucrative bonus and incentive programs tied to meeting or exceeding Brookdale&#8217;s financial performance targets&#8221; done in order to induce employees to &#8220;stay at or below Brookdale&#8217;s limits for staffing expenses.&#8221;<\/p>\n<p>Thereafter, the Company and certain of its executives were also sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.<\/p>\n<p>KSF&#8217;s investigation is focusing on whether Brookdale&#8217;s officers and\/or directors breached their fiduciary duties to Brookdale&#8217;s shareholders or otherwise violated state or federal laws.\u00a0 <\/p>\n<p>If you have information that would assist KSF in its investigation, or have been a long-term holder of Brookdale shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (<a href=\"mailto:lewis.kahn@ksfcounsel.com\" rel=\"nofollow\">lewis.kahn@ksfcounsel.com<\/a>), or visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3011078-1&amp;h=2461265553&amp;u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-bkd%2F&amp;a=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnyse-bkd%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ksfcounsel.com\/cases\/nyse-bkd\/<\/a> to learn more.<\/p>\n<p>About Kahn Swick &amp; Foti, LLC<\/p>\n<p>KSF, whose partners include former <span class=\"xn-location\">Louisiana<\/span> Attorney General <span class=\"xn-person\">Charles C. Foti, Jr.<\/span>, is one of the nation&#8217;s premier boutique securities litigation law firms. KSF serves a variety of clients \u2013 including public institutional investors, hedge funds, money managers and retail investors \u2013 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">California<\/span> and <span class=\"xn-location\">Louisiana<\/span>.<\/p>\n<p>To learn more about KSF, you may visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3011078-1&amp;h=2889243882&amp;u=http%3A%2F%2Fwww.ksfcounsel.com%2F&amp;a=www.ksfcounsel.com\" rel=\"nofollow noopener noreferrer\">www.ksfcounsel.com<\/a>.<\/p>\n<p>Contact:<\/p>\n<p>Kahn Swick &amp; Foti, LLC<br \/><span class=\"xn-person\">Lewis Kahn<\/span>, Managing Partner<br \/><u><a target=\"_blank\" href=\"mailto:lewis.kahn@ksfcounsel.com\" rel=\"nofollow noopener noreferrer\">lewis.kahn@ksfcounsel.com<\/a><br \/><\/u>1-877-515-1850 <br \/>1100 Poydras St., Suite 3200<br \/><span class=\"xn-location\">New Orleans, LA<\/span> 70163<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA22051&amp;sd=2020-12-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general--kahn-swick--foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc---bkd-301191535.html\">http:\/\/www.prnewswire.com\/news-releases\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general&#8211;kahn-swick&#8211;foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc&#8212;bkd-301191535.html<\/a><\/p>\n<p>SOURCE  Kahn Swick &amp; Foti, LLC<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA22051&amp;Transmission_Id=202012120458PR_NEWS_USPR_____DA22051&amp;DateId=20201212\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW ORLEANS, Dec. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;), announces that KSF has commenced an investigation into Brookdale Senior Living Inc. (NYSE: BKD).\u00a0\u00a0 In mid-April of 2020, class action litigation was filed against the Company on behalf of a putative class of elderly and disabled residents from nearly 56 facilities &#8220;to redress systemic unfair and deceptive trade practices and breaches of contract,&#8221; alleging that it &#8220;engaged in a scheme of understaffing and cover-up through misrepresentations, misleading statements, omissions and concealment of material facts, and the inherently flawed and deceptive staffing practices&#8221; from April 2016 to 2020. On April &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:  Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Brookdale Senior Living Inc. &#8211; BKD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398565","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Brookdale Senior Living Inc. - BKD - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Brookdale Senior Living Inc. - BKD - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW ORLEANS, Dec. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;), announces that KSF has commenced an investigation into Brookdale Senior Living Inc. (NYSE: BKD).\u00a0\u00a0 In mid-April of 2020, class action litigation was filed against the Company on behalf of a putative class of elderly and disabled residents from nearly 56 facilities &#8220;to redress systemic unfair and deceptive trade practices and breaches of contract,&#8221; alleging that it &#8220;engaged in a scheme of understaffing and cover-up through misrepresentations, misleading statements, omissions and concealment of material facts, and the inherently flawed and deceptive staffing practices&#8221; from April 2016 to 2020. On April &hellip; Continue reading &quot;BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Brookdale Senior Living Inc. &#8211; BKD&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-12T10:02:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookdale-senior-living-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-brookdale-senior-living-inc-bkd-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BROOKDALE SENIOR LIVING INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &amp; 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Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;), announces that KSF has commenced an investigation into Brookdale Senior Living Inc. (NYSE: BKD).\u00a0\u00a0 In mid-April of 2020, class action litigation was filed against the Company on behalf of a putative class of elderly and disabled residents from nearly 56 facilities &#8220;to redress systemic unfair and deceptive trade practices and breaches of contract,&#8221; alleging that it &#8220;engaged in a scheme of understaffing and cover-up through misrepresentations, misleading statements, omissions and concealment of material facts, and the inherently flawed and deceptive staffing practices&#8221; from April 2016 to 2020. 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