Enlivant operates senior assisted living and respite care communities in the United States. The company’s services include assistance with activities of daily living, including dressing, bathing, and dining; nursing oversight; care for chronic conditions, such as diabetes; medication management; housekeeping and laundry; apartment maintenance and repairs; scheduled transportation; and more. It also offers short-term respite care with various personal care, services, and amenities, such as additional assistance before returning home after a hospital stay, continued short-term rehabilitation after a hip or knee replacement, and a place to stay in emergency situations. Enlivant was formerly kno...
W140 N8981 Lilly Road
Menomonee Falls, WI 53051
Founded in 1981
Bernstein Litowitz Berger & Grossmann LLP Announces Proposed Settlement in the Assisted Living Concepts, Inc. Securities Litigation
Oct 24 13
Bernstein Litowitz Berger & Grossmann LLP announced that a proposed settlement has been reached in the securities litigation against Assisted Living Concepts Inc. A hearing will be held with respect to the settlement on December 19, 2013, at 10:00 a.m. before the Honorable J.P. Stadtmueller in the United States District Court for the Eastern District of Wisconsin, 362 United States Courthouse, 517 East Wisconsin Ave., Milwaukee, WI 53202. The purpose of the hearing is to determine whether the proposed settlement of the securities class action claims asserted in this litigation, pursuant to which Defendants will pay or cause to be paid the sum of $12,000,000.00 in cash into a settlement fund in exchange for the dismissal of the litigation and a release of claims against Defendants and their related persons and entities, should be approved by the Court as fair, reasonable, adequate and in the best interests of the Class, which includes all persons and entities who purchased or otherwise acquired ALC Stock between March 4, 2011 and August 6, 2012, inclusive, and were allegedly damaged thereby, with certain exclusions.