We are investigating Brookdale Senior Living Inc. (BKD) (“Brookdale” or the “Company”) for potential violations of the federal securities laws.
On April 30, 2020, media outlets reported that a proposed class action had been filed against Brookdale accusing the Company of, among other things, “chronically insufficient staffing” at its facilities in an effort to meet financial benchmarks. On this news, Brookdale’s stock price fell $0.56 per share, or 15.22%, over the following two trading sessions, closing at $3.12 per share on May 1, 2020.