|Finkelstein Thompson LLP Announces Investigation of Sunrise Assisted Living, Inc.|
August 23, 2012
WASHINGTON, DC- (BUSINESSWIRE)- The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Sunrise Assisted Living, Inc. ("Sunrise" or the "Company")(NYSE: SRZ), concerning the proposed acquisition of the Company by Health Care REIT, Inc. Under the terms of the transaction, Sunrise shareholders would receive $14.50 for each share they own.
Sunrise has performed well recently, reporting quarterly net income of $10.4 million, nearly five times greater than the same period a year before.
The investigation is focused on the potential unfairness of the consideration to Sunrise shareholders, the process by which the Company's Board of Directors considered the transaction, and potential conflicts of interests among Sunrise's Board members.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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