LOS ANGELES, Oct. 7, 2010 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP and The Rosen Law Firm, P.A. Announces the Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing Involving Skilled Healthcare Group, Inc.
UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA SOUTHERN DIVISION
IN RE SKILLED HEALTHCARE GROUP, INC. SECURITIES LITIGATION
No. CV 09-5416-DOC (RZx)
CLASS ACTION
SUMMARY NOTICE
Hon. David O. Carter
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED THE SKILLED HEALTHCARE GROUP COMMON STOCK BETWEEN MAY 14, 2007 AND JUNE 9, 2009, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on December 6, 2010, at 8:30 a.m., before The Honorable David O. Carter, at the Southern Division, Santa Ana Courthouse, 411 West Fourth Street, Room 1053, Courtroom 9D, Santa Ana, California, for the purpose of determining (1) whether the proposed Settlement of the claims in the Litigation for the sum of $3 million in cash should be approved by the Court as fair, reasonable and adequate to Members of the Class; (2) whether, thereafter, this Litigation should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated as of August 30, 2010; (3) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Litigation and reimbursement of Lead Plaintiffs' reasonable costs and expenses directly related to their representation of the Class should be approved.
If you purchased or acquired Skilled Healthcare Group common stock between May 14, 2007 and June 9, 2009, inclusive, your rights may be affected by this Settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing ("Notice") and a copy of the Proof of Claim and Release, you may obtain copies by writing to In re Skilled Healthcare Group, Inc. Securities Litigation, Claims Administrator, c/o Strategic Claims Services, 600 North Jackson Street, Suite 3, Media, PA 19063, or you can download a copy at . If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than February 8, 2011, establishing that you are entitled to recovery.
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed below:
or go to the following website: .
DATED: SEPTEMBER 13, 2010
CONTACT: Glancy Binkow & Goldberg LLP Peter A. Binkow, Esq. (310) 201-9150 Fax: (310) 201-9160 845 Third Avenue New York, NY 10022