Chronicle Journal: Finance

The Law Offices of Frank R. Cruz Announces Investigation of Genesis Healthcare, Inc. (GEN) on Behalf of Investors

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Genesis Healthcare, Inc. (“Genesis” or the “Company”) (NYSE: GEN) concerning whether the board breached its fiduciary duties to shareholders.

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On January 5, 2021, George V. Hager, Jr. retired as Chief Executive Officer of Genesis Healthcare. The Company announced that Mr. Hager received a special cash bonus of $650,000 in addition to his severance benefits. News reports pointed out that Mr. Hager had received a $5.3 million “retention benefit” while COVID-19 spread rapidly throughout the Company’s facilities. As of December 20, 2020, there were over 14,000 confirmed cases and nearly 3,000 deaths caused by COVID-19 at Genesis Healthcare’s facilities.

Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold Genesis shares purchased before April, 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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