NEW YORK, Feb. 04, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Brookdale Senior Living Inc. (“Brookdale” or the “Company”) BKD. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Brookdale and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On January 13, 2023, Brookdale issued a press release announcing “select changes to its full-year 2022 financial expectations based on its preliminary, unaudited results.” Among other things, Brookdale reported that “[f]Adjusted EBITDA for the full year will be slightly below the previously released range.” Brookdale also announced that “Steven E. Swain, who serves as Brookdale’s executive vice president and chief financial officer, will retire effective February 24, 2023 becomes.”

As a result of this news, Brookdale’s stock price fell $0.18 per share, or 6.19%, to close at $2.73 per share on January 13, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980