Ed Neiger Chapter 11 Filings of Nursing Home and Senior Care Facilities
In this edition of his Bankruptcy Update, focuses on recent restructurings of assisted living facility operators Gulf Coast Health Care and Eagle Senior Living.
March 17, 2022 at 12:00 PM
5 minute read
Commentary
This issue of the Bankruptcy Update focuses on recent restructurings of assisted living facility operators Gulf Coast Health Care and Eagle Senior Living.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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